Should I Take Reundancy Or Keep New Job-What Would My Benefits Be?

stressedoutmum

I found out today my job role is changing. My hours are being reduced by 30%. I have the option of taking the new role working 15 hours per week instead of 22 I currently do or redundancy. This means my annual salary will be dropping from £8465 p.a. to £5772. My husband earns around £26,000 inc overtime. Both figures are gross. When talking things over with people in work we also got round to working tax credit. A couple of the managers' joint incomes are around £42,000 and they get around £127 tax credits. We currently get £40 - how can that be. They have no disabled children, childcare allowance etc and have children the same age as my own? My redundancy payment is only about £2000. I am not sure whether to take redundancy - or how much worse off I will be - or if I would then become entitled to tax credits and it would be more favourable. Sorry its long but I've got to give my decision on my job and I want to do whats best for us. thanks.

NASA_2

Not sure about Tax Credits but if you are fit for work then you could claim JSA(C) for six months.

stressedoutmum

Yes definitely fit for work. Do you know how much jobseekers allowance is and do they take your redundancy payments into account. thanks.

dookar

NASA wrote: »

Not sure about Tax Credits but if you are fit for work then you could claim JSA(C) for six months.

May receive a sanction

stressedoutmum wrote: »

Yes definitely fit for work. Do you know how much jobseekers allowance is and do they take your redundancy payments into account. thanks.

Not JSA(c)

NASA_2

stressedoutmum wrote: »

Yes definitely fit for work. Do you know how much jobseekers allowance is and do they take your redundancy payments into account. thanks.

At the minute JSA(C) is £64.30 and they do not take redundancy payments into account. Pension Income is taken into account if you have it.

The amount will go up by a pound or so from April. The amount isnt much but its better in your pocket than going unclaimed.

I should point out that you have to have paid enough NIC's over the relevant period.

dookar wrote: »

May receive a sanction

Yes, but still worth claiming.

dookar

NASA wrote: »

Yes, but still worth claiming.

Absolutely, just putting it out there.

stressedoutmum

Job seekers allowance works out about half what my weekly pay would be. If I took redundancy and claimed job seekers allowance of £64 does anyone know how much we would be entitled to on my husbands income of £26,000 gross?

McKneff

If you are capable of work and you have a job why would you go onto job seekers allowance, The explanation is in the phrase 'job seekers allowance, means you are seeking a job. why seek a job when you have one already.
Just look for another job with more hours while you still have this one surely

sunnyone

McKneff wrote: »

If you are capable of work and you have a job why would you go onto job seekers allowance, The explanation is in the phrase 'job seekers allowance, means you are seeking a job. why seek a job when you have one already.


There is lots more i could add but because we are not supposed to be judgemental on these boards then i will say n'more.

Because they want to claim benefits instead, isnt it amazing the people who look down at people on IS/IB/JSA etc but they themselves want to "maximise" there tax credits believing that these arnt means tested benefits.

stressedoutmum

Sorry but I think you are being very judgemental. I have worked since I was 14 years old (about 35 years) and have never once claimed a penny in any kind benefit be it housing, council tax or working tax. I am trying to pay my bills and work out if I would be better not working if it means I am only a few pounds better off. Its not me, it is the system and I for one dont judge genuine people who are on benefits and by the way did you not read my post where my husband works full time on very long shifts and extremely heavy duty work .

McKneff

Even if you are going to be a few pounds better off by working you should take respoinsibility for yourself, in post 10 you even admit you are thinking about working the system and yet you still cant see it. Why should the taxpayers pay for what you eat. Take responsibility for yourself, earn what you eat, !!!!!!.

If youre capapble of working, then work.
I am 60 years old, i could claim this, that and gawd knows what, i work, i pay for my self, i have worked since i was 15, never claimed a penny, so whats so different now. Nothing except this government dangle carrots in front of the workshy and the wheeler and dealers.
Just for the record, i have arthritis, osteoporosis, p/aneamia and i still get up and put some slap on and go to work.


Came from my parents i guess, My mum was a crane driver in the war, my dad
was a POW for 4 years, worked will they died, bless them.
The benefit system needs a major overhaul to stop things like this happening.
It makes me so angry that ithe government makes it so easy to work the system and the people with no scruples
(now there's a word to conjure with) take so much advantage of it.
Sorry, I'm now ranting and i know i shouldnt so to those who genuinely need the help that they get, my apologies.