Wednesday, December 31, 2008

Im director of a company thats going down the pan....?

Resolved Question

Im director of a company thats going down the pan....?

I havn't earned any money for months and havn't had any other income at all. NONE. Does anyone know here if I would be entitle to any kind of benefit/jobseekers as Im looking for a job.???
Thanks

Best Answer - Chosen by Voters

You will probably need to make yourself redundant first and write out a P45 for yourself in order to qualify, this is a bit of a grey area.

Everyone who has paid national insurance is entitled to six months non means test job seekers allowance, all other entitlement is subject to means testing if you have assets (excluding your main home) of more than 6k.

Hope this helps.
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Other Answers (2)

  • A company is legally entitled to pay you salary until you are made redundant unless you own the business and No you wont get any benefits while you are still trading, you will have to go bankrupt or insolvent and even then you will have to do it through courts and it can take several years - what assets do you have? Check out the governments website or 'Entitled To' it tells you what you are entitled to.
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  • You are still self employed until the company closes down. You can only receive JSA if you paid the correct NI stamp, if you paid the reduced contributions you will not be entitled.
    have a word with the jobcentre.
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