Hi there thanks so much for you reply it's very helpful, if I get the transitional advance would I have to wait until Jan to apply for the maximum advance (I understand that I may not be entitled to the full $1000). I am trying to decide if I should just cancel my continuous advance and reapply for the maximum advance in July.
if you're going to cancel it you'd probably need to do it today
you're able to have numerous advances at once, provided you are able to advance the minimum (about 155) and the amount you're advanced in the past 6 months doesn't exceed your maximum. the calculations are messy and not something i can really explain well here - but as an example, if your transitional advance is 330, and your maximum entitlement is 500 you can get the other 170 at any time,and just pay both advances off together
Thank you! That is exactly what I wanted to know. There doesn't seem to be much benefit to canceling the continuous payment then if I am able to apply for the maximum advance at any time. I was just worried that I would have to wait until Jan to apply for it, but thank you for clearing that up.
you will only get one transitional advance - if you wish to have it set for jan/july each year again you'll need to apply again in January next year as they are all lbeing cancelled after this one transitional one
Yes I understand that about the transitional advance, what I was confused about was the new maximum payment and if getting the transitional advance this July would make me ineligible to apply for the new payment until I had paid off the transitional advance on the 31st Dec this year. I didn't realise that you could have both the transitional advance and the new maximum advance at the same time. Thanks so much.
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