Receiving JSA after signing a R package?

MarieAAP

Hi not certain whether it should be in here, or the other folder.

I am due to sign a redundancy agreement, does anyone know if I am still entitled to JSA ?

Been in work for over 2yrs, will receive 1mth package. I have a mortgage, some savings (which will be used to pay off the 0% CC), and a tiny company pension pot.

M

dmg24

How much savings do you have, and how much compensation are you receiving?

Were you in regular work over tax years 07/08 and 08/09?

MarieAAP

Hello DMG

I have a CC & savings of £3k to pay it off - was just enjoying the 0% interest on the CC. it was the wedding CC

And I will have this month's salary and next (£2.5 takehome), left over savings are £3k - needing to replace the car in the next month and emergencys.

I was temp job from june 2007-Mar 2008, unemployed between Mar-May, and then started this job as a temp in May 2008, became perm in July.

Thanks for responding
M

dmg24

Before spending anything, you need to check whether you are eligible for CB JSA. If you are not, any savings over £6,000 will affect your entitlement to IB JSA (though it will not wipe it out altogether). Do not be tempted to spend the money in order to fall below the capital limit, as you may be counted as still having the money.

NASA_2

As I remember it the normal months wage will be treated as income depending on when it is paid. Any holiday pay/pay in lieu of notice/compensation payment will be treated as capital.

From what I can tell of what you are saying, your savings (Including comp payments) would be barely above £6,000, I personally wouldnt be bothered about spending money in order to get rid of it. You are allowed normal living expenses and you would quickly fall below that in any case.