Redundancy

scaredy_cat

Our office is closing down and the staff made redundant. We are working til the last day - 14th Nov. We will be getting standard redundancy pay - in my case 2 wks pay as i have been there a bit over 2 yrs. We will also be getting an ex-gracia payment.

My question is do i have to declare the ex-gracia payment if i have to sign on to JSA? I have been applying for jobs but so far not got anywhere.

Thakns

Itsallgonepearshaped

Hi Scaredy.

I'm no expert but I think you do have to tell them about it. I don't think it'll affect your claim though unless it takes you're total savings over the threshold (I think it's £8k?)

healy

scaredy_cat wrote: »

Our office is closing down and the staff made redundant. We are working til the last day - 14th Nov. We will be getting standard redundancy pay - in my case 2 wks pay as i have been there a bit over 2 yrs. We will also be getting an ex-gracia payment.

My question is do i have to declare the ex-gracia payment if i have to sign on to JSA? I have been applying for jobs but so far not got anywhere.

Thakns

If you are going to claim contribution based JSA they do not need to know about it and it does not matter how much you have in savings. If it is income based JSA you have to decalre all capital.

scaredy_cat

thanks healy. Not sure what the difference is between the two, but i assume as i'm single that i'd have to clain the contribution JSA? apart from a few months when i was about 24 i've always been employed from the age of 18.

healy

scaredy_cat wrote: »

thanks healy. Not sure what the difference is between the two, but i assume as i'm single that i'd have to clain the contribution JSA? apart from a few months when i was about 24 i've always been employed from the age of 18.

If you have paid enough National Insurance contributions you will receive contribution based JSA. It does not make any difference if you are single for contribution based JSA.