Thanks for the replies but say the worst comes to the worst and after JB has run out cos now it's only for 12 months is all of my savings taking in to account. This money is my pension that I saved myself because I knew that I wouldn't be able to join a regular pension scheme ( I saved whatever I could, whenever I could) as my wife doesn't work so we will on my weekly wage for €500 so it has taking me all these years to save this amount which is a hugh deal to me.
Now I wonder what it was all for as I could have gone on holidays, weekends away, bought nice clothes and general enjoyed life but I was careful with my money so that we would have some comfort when we got to old age and at least be able to afford to pay bills, heat our house and put food on the table but now if JB runs out and I have to use this money it will be all gone when I get to 65.
Thanks Welfarite,
Are you saying that I will lose €50 per week or I will only get €50 per week
sorry for sounding a bit thick but my head is all over the place what with this impending redundacy.
By my calculations, if you have 60k when applying for JA in 12 months , your payment will be reduced by around 50 per week (on current rules). Also if it is compulsory redundancy, there is no disqualification on JB. If voluntary, there may be up to 12 weeks, depending on amount of redundancy paid.
Can you explain this calculation?
Can't see where you got 50euro reduction per week from http://www.askaboutmoney.com/showpost.php?p=675279&postcount=10 , would it not be a loss of 110 quid per week?
"You lose 1 euro for next ten K, 2 euro for next 10, 4 euro of balance."
So first 20k disregarded, poster will lose 1 euro per thousand for 20-30k(10quid), 2 euro for 30-40k(20quid) and 4 euro for 40-60k(4x20=80quid?)?
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