How to claim JSA

[psychocandy]

Jobseeker

Mods: Worth a sticky?

[Danglekt]

I like the use of the word "unethical" in this article.

[SlipTheJab]

The guy that wrote that article forgot to credit you as the source of his research PC

[MrMarkyMark]

I dedicated a post to you in General regarding this PC .

I found this bit interesting.

Business assets (the total value of your company and its assets) forms part of the means-testing so if you’ve got cash available in your company and the physical assets of the company total more than £16,000 you’ll not be eligible for JSA. Disposing of capital in your limited company by drawing dividends will be taken into account as if you still have access to the money (i.e. haven’t spent it), then this is effectively transferring company capital to personal capital.

[psychocandy]

I dedicated a post to you in General regarding this PC .

I found this bit interesting.

Haven't read it all.

In my experience, I've NEVER been asked how much is left in the company. They do ask how much savings you've got though - pretty sure it wasn't as low as that last time I did it.

I guess having less than £16K savings might be a show stopper these days.

One thing - if you know there is bench/JSA time likely there is nothing stopping you declaring a dividend on the Friday (when you're still in contract) and clearing the company out, then using this to pay off credit cards/mortgage or whatever. Then monday its gone. Of course, you can't leave it in savings account...

Unethical maybe. Not getting into that one. But theres no way anyone can dictate how you choose to deal with your own finances BEFORE you claim of course.

[MrMarkyMark]

Haven't read it all.

In my experience, I've NEVER been asked how much is left in the company. They do ask how much savings you've got though - pretty sure it wasn't as low as that last time I did it.

I guess having less than £16K savings might be a show stopper these days.

Maybe its changed, or if you had 16K in your company at the time and that was the rule.....

[psychocandy]

Bit about not being elligible if you turn down an extension or another contract is complete tulipe mind.

The jobcentre staff don't know how it works so wouldnt even know to ask this. How are they going to know anyway?

My experience is they say so why are you out of work? Temp contract ended, looking for something else. Oh OK then. End of conversation.

[psychocandy]

Maybe its changed, or if you had 16K in your company at the time and that was the rule.....

LAst time I claimed I paid all the dividends out beforehand. Then I had about £10K savings if I remember.

Was 2-3 years ago now.

[MrMarkyMark]

LAst time I claimed I paid all the dividends out beforehand. Then I had about £10K savings if I remember.

Was 2-3 years ago now.

In the clear then .

[psychocandy]

In the clear then .

all legit butti!