We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a very Happy New Year. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
Voluntary vs Compulsory
Comments
-
One thing to watch is if you have mortgage protection insurance, accepting voluntary redundancy could well mean that any insurance you have to meet mortgage payments would be null. One good thing about voluntary though is if you have another job lined up, you can agree a finish date and then start a new job right away, with compulsory they will most likely give you a date and that would be it.Norn Iron Club member No 3530
-
Why accept voluntary redundancy with a lower payment than statutory?
One would be if you really don't want to continue working for the business and don't want to be left there (survive the redundancy process) because they have been able to shed sufficient numbers of staff without, or with limited, forced redundancy.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.8K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 260K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards