Can somebody please advise me if I'm entitled to any social welfare benefit based on my current situation:
I'm a sole trader handyman earning around €25K per year Gross.
I also have 5 investment properties with mortgages. The current rent covers the mortgage repayments and also there is a bit left over to live on as I only earn about €25K from the sole trader work.
For the last couple of weeks the handyman work I'm receiving is becoming less and less. I still do a few jobs a week but it's nothing like it was.
I understand there is some sort of payment for people on reduced hours but I'm wondering does that apply to me given that I also have the 5 investment properties?
Also, if the work completely dries up can I avail of the Covid19 unemployment payment of €350 or will I not be allowed it because I have the investment properties?
Similar query here https://www.askaboutmoney.com/threads/am-i-eligible-for-emergency-€203-paymnet-from-govt.216632/Can somebody please advise me if I'm entitled to any social welfare benefit based on my current situation:
I'm a sole trader handyman earning around €25K per year Gross.
I also have 5 investment properties with mortgages. The current rent covers the mortgage repayments and also there is a bit left over to live on as I only earn about €25K from the sole trader work.
For the last couple of weeks the handyman work I'm receiving is becoming less and less. I still do a few jobs a week but it's nothing like it was.
I understand there is some sort of payment for people on reduced hours but I'm wondering does that apply to me given that I also have the 5 investment properties?
Also, if the work completely dries up can I avail of the Covid19 unemployment payment of €350 or will I not be allowed it because I have the investment properties?
Thanks. I'm just not sure because I still work a couple of days doing the handyman stuff, albeit less than before, plus I have the rental income although most of that goes towards the mortgage.Similar query here https://www.askaboutmoney.com/threads/am-i-eligible-for-emergency-€203-paymnet-from-govt.216632/
As long as you are paying the appropriate rate of PRSI, you may well qualify.
Hi. I don't think the rental income is relevant. I believe that the prsi class will be used to check eligibility in the long run. A more detailed application is required before the 6 weeks is up.Thanks. I'm just not sure because I still work a couple of days doing the handyman stuff, albeit less than before, plus I have the rental income although most of that goes towards the mortgage.
I also have 5 investment properties with mortgages. The current rent covers the mortgage repayments and also there is a bit left over to live on as I only earn about €25K from the sole trader work.
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