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How much is welfare affected by setting up a business?

  • 17-03-2013 11:10pm
    #1
    Mr. A
    Registered Users Posts: 105 ✭✭


    Particularly if:

    1) You are setting up as Sole Trader and
    2) You do not stand to make much of a profit initially in the set-up?


Comments

  • #2
    StillWaters
    Closed Accounts Posts: 1,799 ✭✭✭StillWaters


    Mr. A wrote: »
    Particularly if:

    1) You are setting up as Sole Trader and
    2) You do not stand to make much of a profit initially in the set-up?
    Are you eligible for the Back to Work Enterprise Allowance?


  • #3
    The Clown Man
    Registered Users Posts: 1,305 ✭✭✭The Clown Man


    I'm starting a Business for the last year, employing one person for now. Won't be making money for another good while until its up and running. Was told that I can't get anything because I'm not actually looking for a job!

    So I've been living on savings and pittance.

    There really is very little personal financial support for those starting a business which is nuts.

    If you are already on benefits maybe it's different, I don't know.


  • #4
    jimbooth
    Registered Users Posts: 335 ✭✭jimbooth


    if startin a business try the enterprise boards for support, as for welfare, you'll only get help if on long time UB


  • #5
    amtc
    Registered Users, Registered Users 2 Posts: 2,490 ✭✭✭amtc


    No, not true

    There are two schemes - the Back to WOrk Enterprise Allowance operates as long as you are on Job seekers Benefit - you get a grant of €720 and get paid your UB into your bank.

    If on JA, you get get 100% of your benefit for the first year and 75% for the second.

    I found that Welfare/Area Partnership worked very well together.


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