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social welfare and equity from sale of house

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  • 19-09-2012 10:00pm
    #1
    tomahawke
    Registered Users Posts: 27 ✭


    Hi.
    I'm selling my house and one of the lucky ones to be in +ve equity. I intend purchasing a site to build. I estimate the combined planning and build process will probably take between a year and a year and a half so I will need to rent during that period. In the meantime my equity (if I sell and I know that's a big IF) will be sitting in an account somewhere. Now to my question:

    In the event I were to be made redundant would my equity be taken into account for the purpose of Job Seekers Allowance even though its sole purpose is for the purchase of the new property? I also assume that any redundancy payment is also taken into account for the JSA means test?

    Thanks


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    #2
    Doom
    Banned (with Prison Access) Posts: 2,381 ✭✭✭Doom


    Not for job seekers, it will for unemployment benefit


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    #3
    StillWaters
    Closed Accounts Posts: 1,799 ✭✭✭StillWaters


    If you were to be made redundant, you would possibly be eligible fo Job Seekers Benefit, JSB for one year.

    This payment is not means tested.


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