Hi there
I was made redundant 9 months ago and received €70k, €30k of this went immediately on debts. The remainder has been used as income to pay mortgage and bills at a rate of approx 2k per month. Now that I am transitioning to Allowance rather than benefit, will I be entitled to allowance as it is means tested? I have net cash assets of approx €10k (credit union). My bank statements show a monthly credit of 2k which is transferred to me from a debtor, but which ends soon. Current account is overdrawn by end of month.
Will I be entitled to allowance? I worked for 20 years before being made redundant, although I gather this does not matter in the assessment? I need to maintain the €10k liquidity due to ongoing health issues and the possibility of high unforeseen medical expenses.
Thanks for any advice. Appreciate it.
I was made redundant 9 months ago and received €70k, €30k of this went immediately on debts. The remainder has been used as income to pay mortgage and bills at a rate of approx 2k per month. Now that I am transitioning to Allowance rather than benefit, will I be entitled to allowance as it is means tested? I have net cash assets of approx €10k (credit union). My bank statements show a monthly credit of 2k which is transferred to me from a debtor, but which ends soon. Current account is overdrawn by end of month.
Will I be entitled to allowance? I worked for 20 years before being made redundant, although I gather this does not matter in the assessment? I need to maintain the €10k liquidity due to ongoing health issues and the possibility of high unforeseen medical expenses.
Thanks for any advice. Appreciate it.