Saturday 3 December 2016

Back to work enterprise allowance

Published 03/04/2011 | 05:00

UP TO €17,108: ON THE DOLE: IF you're on the dole, you may be able to set up your own business -- and still get paid most of the dole for about two years.

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To qualify for the Back to Work Enterprise Allowance you must usually be on the dole for at least a year. You get your full dole payment (currently up to €188 a week) for the first year of claiming the allowance, and 75 per cent of the dole (currently up to €141 a week) in the second year.

If you're studying or training full-time on a FAS or Failte Ireland course and you received the dole before starting those courses, you may also qualify for this allowance.

To apply, you must complete the BTW2 form (available from the Department of Social Protection) and send it to you local social welfare office, or your local partnership company, if you live in a partnership area.

Remember you won't get this allowance if you set your business up before getting the approval of the Department of Social Protection, or your local partnership company.

UP TO €1,270

FOR INSURANCE

The public liability bill for start-ups is usually several hundred euro a year, but it could easily run into the thousands.

Under the Back to Work Enterprise Allowance, you may get up to half of the cost (up to a maximum of €1,269.74) of your public liability insurance bill covered, as well as support for other start-up costs such as driving lessons, business mentoring, fax machines and computers.

The scheme also offers grants for training to keep your own accounts.

Sunday Indo Business

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