Gift my redundancy to avoid means test

[joe g]

If I gift my 150k redundancy to my 3 children,50k each,can I then claim unemployement assistance which is means tested?thanks in advance for any help.

 

[dereko1969]

Would you not be entitled to employment benefit for the first 9 months in any event? Would hope that Social Protection would disallow this as it's deliberately trying to sponge off the rest of us.

 

[gipimann]

You can still be assessed with the money if SW decide that the money was disposed of in order to avoid a means test.

From the Means assessment guidelines on welfare.ie

Where it appears that a claimant has either directly or indirectly deprived himself/herself of any income or property in order to qualify for a payment, or to qualify to a payment at a higher rate, the income or the yearly value of the property must be assessed as means against the claimant.

In such cases, where the yearly value of the property or income has decreased since the date of deprival or transfer, account shall be taken of this decrease. In a case where the value of the property or income has increased since the date of deprival or transfer, the means assessed will not take account of this increase.

 

[Deiseblue]

A 150k redundancy does not disqualify you from jobseekers benefit which you can claim for 9 months on the basis that you are actively seeking work.
If you are aged under 55 you will be disqualified from receiving such benefits for 9 weeks.
Plenty of of info on www.citizensinformation.ie