What is the means test for Job seekers Allowance?

  • To qualify for Jobseeker’s Allowance all you need is passing a mean test. In a means test the Department of Employment Affairs and Social Protection analyses all your sources of income to test if they fall below a certain level. If they fall much below that level you will acquire Jobseeker’s Allowance. The amount of Jobseeker’s Allowance you get depends on your drawn income level.

    In the means test for Jobseeker’s Allowance your household income is determined. If you got married, or are in a civil partnership or cohabitant with someone, the means for your spouse, civil partner or cohabitant are also taken into report. Sometimes a definite amount of income or income from particular sources is not taken into account. Financial amount not taken into account is often referred to as an income disregard.

    After knowing what is the means test, it can be easily said that determining mean for Job-seeker's Allowance can be a complex calculation. Here we look at some of the general attributes that are taken into account in the means test. The means test examines the following modes of income:

    a. Cash income, inclusive of income from work
    b. Property personally used
    c. Capital and property not personally used
    d. Benefit and privilege from living with parents.

    The means test assesses all cash income that you expect to acquire in the up coming year. If it is not possible to figure out your income over the next 12 months, it is commonly based on the income you actually accepted in the previous year. Among the cash income, the factors those are assessed are mentioned as

    e. Income from self-employment
    f. Income from employment
    g. Income from farms
    h. Income from a social security pension
    i. Income from other sources of maintenance

    Property personally used is defined as the house in which you live. this is not included in the assessment of your means unless you are getting an income from it. If you have split a room in the house, that income is taken into account but the capital value of your home is not.

    If you own property, not including your home, or else you have certain investments or any other form of capital, the value is considered using a standard formula. Note that any outstanding mortgage registered against the property is subtracted from the market value to find out the capital value.

    If you or your spouse saves on a portion of your social welfare payment each week, these savings will be regarded as part of your means.