Not Required

smk77

Little_Miss_T wrote: »

I am due to be made redundant next week & will take home around 5K in redundancy as I already have approx 3k savings in my mortgage bank account that I share with my partner this would affect any potential/future benefits that I might receive (Anything over 6k) I have worked ALL my life & this redundancy isn't going to go far so why should I be penalised?

Is there anyway I can hide it? for example in my soon to be 3 year old sons savings account??... failing this I shall put under my mattress!

Any idea's? Thanks in advacne

Isn't redundancy money supposed to be used to pay the bills until you find a new job or until you have no money left and need to claim benefits?

I am sorry to hear that you are being made redundant but I don't see why other people should be working hard and paying for your benefits whilst you have £5k "hidden" to beat the system.

AnxiousMum

Seems to be more and more posts appearing here asking for tips on how to defraud systems every day!
The redundancy payment is NOT a bonus, it's money to tide you over till you find something else based on your time at your current place of employment. If that means that you can support yourself and your family for a little while - great - and if you don't get a new job right away, or you find yourself getting low on your savings to a point where you qualify for different things - then great, apply! That's what the system is there for - it's for when you are in a time of need. Having your money stashed under your mattress doesn't make you 'in need'........just a criminal committing fraud.
Is a criminal record worth it? Is it really worth the risk of you going to jail and leaving your child with one parent less? I don't think so.
Sorry to hear you have been made redundant, but maybe rather than looking to 'stash the cash' - you should be looking to see how you can use it to get back into another job.

p00hsticks

Paul_Herring wrote: »

Lottery? Do you have any idea how much (or rather little) JSA is these days?

Of course I do - I was referring to the £5,000 redundancy payment that the OP has said that she wants to hide rather than use to supplement her JSA.

Fridge3

Little_Miss_T wrote: »

I am due to be made redundant next week & will take home around 5K in redundancy as I already have approx 3k savings in my mortgage bank account that I share with my partner this would affect any potential/future benefits that I might receive (Anything over 6k) I have worked ALL my life & this redundancy isn't going to go far so why should I be penalised?

Is there anyway I can hide it? for example in my soon to be 3 year old sons savings account??... failing this I shall put under my mattress!

Any idea's? Thanks in advacne

As others have said, the £5k redundacy payment could be verified by JSP. From the figures given, presumably you are looking to "lose" £2k ie to take you below £6k savings. Assuming you are entitled to contribution based JSA for 26 weeks you could top this up with (say) £80pw from savings to live on. In 26 weeks you will have legitimately used 26 x £80 ie £2080 to live on, reducing savings to <£6k in time for claiming income based JSA. Just make sure the £80 doesn't fall under the mattress as that would be deprivation of capital:whistle:

pelirocco

And as the redundancy pay will be made through the payroll , impossible to hide . And as other posters have pointed out redundancy pay is in lieu of wages for the x number of weeks your entitlement is , its not a bonus !

Fridge3

Little_Miss_T wrote: »

Just wanted advice

Last edited by Little Miss T; Today at 9:20 PM.. Reason: not required

Aren't you being made redundant any more?

pelirocco

Should have been re- titled only advise me on what I want to hear lol

smk77

pelirocco wrote: »

Should have been re- titled only advise me on what I want to hear lol

exactly! I wonder what the OP was going to spend the "hidden" £5k on?