Back to work enterprise allowance
Back to work enterprise allowance
The Back to Work Enterprise Allowance (BTWEA) scheme encourages people getting certain social welfare payments to become self-employed.
If you take part in the BTWEA scheme you can keep a percentage of your social welfare payment for up to 2 years.
BTWEA is a payment made by the Department of Employment Affairs and Social Protection (DEASP) to people aged under 66.
You can qualify for a Back to Work Enterprise Allowance (BTWEA) if you are:
- Setting up as self-employed in a business that has been approved in advance in writing by a DEASP Case Officer or Local Development Companyand
- Getting a social welfare qualifying payments for at least 9 months (234 days) such as job-seekers benefit or allowance
In addition to income support (your weekly payment), you can also get financial support with the costs of setting up your business. These supports are provided under a scheme called the Enterprise Support Grant (ESG).
If you qualify for the Back to Work Enterprise Allowance you can keep the following portion of your social welfare payment, including increases for a qualified adult and qualified children, for a maximum of 2 years:a)
a) 100% for the 1st year
b) 75% for the 2nd year
Note the allowance is not taxable
Any queries please do not hesitate to contact me on 091 763817 or email me at oliver@taxreturnhelp.ie
