If I'm redundant what benefits will I get

langsmith

Gordon_Hose wrote: »

The maximum weekly rate is £65.45.

http://www.direct.gov.uk/en/MoneyTaxAndBenefits/BenefitsTaxCreditsAndOtherSupport/Employedorlookingforwork/DG_10018757

I stand corrected, apologies on the way.

langsmith

Gordon Hose;40592544]You can't if you're signing on. They expect you to live off your redundancy money. If you pay off all your debts they'll sanction you I believe.


This is correct, however, IF you have not been made redundant before, and you have debts, it's only natural to pay off your debt; especially if you have no insurance protection !!

It's then for them to prove you made yourself skint. Plead ignorance, did not realise etc. Just remember, the benifits system is not what it was. If you have money, have not cleared your debt, they will say - so what, you have suffciant funds to support yourself.

By paying your debt, and you are under £16k savings, you should get benefits.

Its about time we start paying our own instead of everyone else first !

langsmith

langsmith wrote: »

Gordon Hose;40592544]You can't if you're signing on. They expect you to live off your redundancy money. If you pay off all your debts they'll sanction you I believe.


This is correct, however, IF you have not been made redundant before, and you have debts, it's only natural to pay off your debt; especially if you have no insurance protection !! It's only natural to do so, I believe.

It's then for them to prove you made yourself skint. Plead ignorance, did not realise etc. Just remember, the benifits system is not what it was. If you have money, have not cleared your debt, they will say - so what, you have suffciant funds to support yourself.

By paying your debt, and you are under £16k savings, you should get benefits.

Its about time we start paying our own instead of everyone else first !

langsmith

[/QUOTE]paulfoel; Ah. Do they disregards anything under 16K then?

Good. Because my payoff would be just under this...[/QUOTE]


I would think not, but that's the limit today. I believe it depends on what you have under the limit too; sliding scale but do not know.

I'm sure someone on here will though.

Gordon_Hose

How they can claim a redundancy payment is "savings" is beyond me.

lady1964

I have a couple of questions please.

My employers have started a 90 day consultation period as of today, then from 26th April, notice letters will be issued. I'm on a 2 month notice period so am expecting to be gone by the end of June.

My questions are as follows:
At what point should I notify the company I have my income protection policy with, that I am being made redundant? Should I wait until I have my letter of notice? We've not had an at risk letter, simply a booklet that lists all the job roles going, with 'redundancy' alongside it - mine is included in this list, which also formed part of a power point presentation today.

Also, assuming my policy pays out each month, I know I have to sign on but I'm not sure if I can claim any JSA. I have over 16k in savings, hubby has more, plus his salary is in excess of 80k. I've worked full time for the last 5 years - 5 years part time before that and all NI contributions paid. Can I claim contributions made JSA or whatever it's called?
We don't intend paying off our mortgage, although that would rid us of all our savings, hubby's salary would mean I wouldn't qualify for means tested JSA, is that right? And we would be left with 0 savings for an emergency.
I don't want to appear greedy, just want to know what, if anything, I'm entitled to claim, also am I right in thinking that by signing on, my NI contributions will continue to be paid?

Any information would be greatly appreciated.
Thanks
Lady1964

shikoku

You would get 6 months contribution based JSA, after that nothing but you would need to keep signing on to get your NI contributions.

[Deleted User]

Confused about the JSA thing. I understand for 6 months its contributions based. Is it income based after that then? (i.e. your partner etc).

Also, if you accept voluntary redundancy, does that affect any benefits you can claim?

shikoku

You might get a better response if you start a thread, I'm afraid I don't know the answer.

langsmith

lady1964 wrote: »

I have a couple of questions please.

My employers have started a 90 day consultation period as of today, then from 26th April, notice letters will be issued. I'm on a 2 month notice period so am expecting to be gone by the end of June.

My questions are as follows:
At what point should I notify the company I have my income protection policy with, that I am being made redundant? Should I wait until I have my letter of notice? We've not had an at risk letter, simply a booklet that lists all the job roles going, with 'redundancy' alongside it - mine is included in this list, which also formed part of a power point presentation today.

Also, assuming my policy pays out each month, I know I have to sign on but I'm not sure if I can claim any JSA. I have over 16k in savings, hubby has more, plus his salary is in excess of 80k. I've worked full time for the last 5 years - 5 years part time before that and all NI contributions paid. Can I claim contributions made JSA or whatever it's called?
We don't intend paying off our mortgage, although that would rid us of all our savings, hubby's salary would mean I wouldn't qualify for means tested JSA, is that right? And we would be left with 0 savings for an emergency.
I don't want to appear greedy, just want to know what, if anything, I'm entitled to claim, also am I right in thinking that by signing on, my NI contributions will continue to be paid?

Any information would be greatly appreciated.
Thanks
Lady1964

Re: 90 day consultation period. Your not redundant or being made yet. Legally speaking no descision has been made, so say nothing at all or you may get no MPP payout.

I have over 16k in savings, hubby has more, plus his salary is in excess of 80k. I've worked full time for the last 5 years - 5 years part time before that and all NI contributions paid. Can I claim contributions made JSA or whatever it's called?

Yes

hubby's salary would mean I wouldn't qualify for means tested JSA, is that right?

Probably, but I would it depends on situ,

NI will be paid if you sign on JSP