In the adjusted daily allowance arrangement, your earned income will affect the amount of the daily allowance so that what you have earned is deducted from the full daily allowance. 50% of the income you have earned will reduce your daily allowance.
Please note: As a result of the legislative amendment, the €300 standard entitlement of earned income was removed as of 1 April 2024. Read more: Changes to the unemployment security system 2024
Example
KOKO takes care of calculating the adjusted income. The key thing is that you let the employment fund know all your income during the application period. However, please note that if your working hours have been reduced due to full days of layoff, or you have other income from part-time work or business activities, the income must be reported in the application covering the period of time when the work was performed.
In all situations, remember to report all work performed during the application period even if their pay day is at a later date. Read more under adjusted income.