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The Back to Work Enterprise Allowance payment is not subject to tax or PRSI. However, the income from self-employment may be subject to Tax or PRSI.
The NEA provides practical and financial support to people in those categories who want to start their own business. It consists of a combination of business mentoring, a weekly allowance, and a business loan. Once you join the scheme you'll be assigned a business mentor.
In general, payments from the Department of Social Protection (DSP) are taxable sources of income unless they are specifically exempt from tax.
The New Enterprise Allowance (NEA) is a weekly payment from the government to help you to set up a business. You can get up to £1,274 in total, spread over up to 26 weeks. Normally you'll get £65 per week for the first 13 weeks (equivalent to Jobseeker's Allowance) and £33 per week for the second 13 weeks.
Rates of payment Weekly rateYour personal rate\u20ac208.00Extra for dependent adult\u20ac138.00Extra for dependent child (under 12)\u20ac40 (or \u20ac20 in some cases)Extra for dependent child (over 12)\u20ac48 (or \u20ac24 in some cases) Jul 23, 2019

People also ask

The Back to Work Enterprise Allowance (BTWEA) scheme helps unemployed people, and other people getting certain social welfare payments, to become self-employed. People who are setting up their own business and who qualify for the BTWEA scheme may keep a percentage of their social welfare payment for up to 2 years.
The ESG is paid to people getting the STEA on a pro-rata basis - a maximum of \u20ac1000 can be paid to people on a 9-month STEA and a maximum of \u20ac625 to people on a 6-month STEA. You must be able to make a matching contribution of at least 20% to access grant support.
New Enterprise Allowance ( NEA ) Mentoring Phase 2 (which is sometimes referred to as NEA 2017) is aimed at supporting claimants to start their own business and supporting some Universal Credit ( UC ) claimants already self-employed to develop and grow their business.
Rates of payment Jobseeker's Allowance RatesRateFull personal payment (25 or over)\u20ac208.00Personal Rate 18 to 24\u20ac117.70Extra payment for qualified adult\u20ac138.00Extra payment for qualified adult (18 to 24)\u20ac117.702 more rows • Jun 16, 2020
The business plan you submit as part of your application for the scheme must set out the rationale and requirement for financial support. The ESG can pay a total of \u20ac2,500 in any 24-month period. You must be able to make a matching contribution of at least 10% to access grant support.

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