voluntary redundancy/severancy and claiming benefits

flight747

Mr_Falling_Star wrote: »

The Jobcentre will not care. They would if you were getting over £6000 (as you have to declare savings) but you are not

And if you have a child saving of £3000 or over, they will reduce your benefit! Sound bit daft really compare to your personal own saving of no more than £6000 or your child saving of no more than £3000.

So, it will count eg: if your saving £3000+ and your child saving £3000+ declared as £6000+ will reduced your benefits!

knithappens

dodger1 wrote: »

Why not turn down the redundancy, if enough people take it you will still have your job. You say they are looking to make staff redundant but don't forget you may be one of those they are looking to keep even if not enough take the voluntary redundancy. Even if you want to make a career change it's easier if you're already employed so my advice would be stay there. When the cuts really hit in April I can see unemployment figures rising for some time before the country is really back on it's feet so try and keep what you've got.

I understand where you are coming from, but for me right now this is the best option

flight747

dodger1 wrote: »

When the cuts really hit in April I can see unemployment figures rising for some time before the country is really back on it's feet

No chance of that! UK will never get back on its feet ever again - not under Tory/Lib government. They are madness to get more cuts in job losses! Alots of UK are fed up with high unemployment and might seek jobs abroad! No jobs is giving to British Peoples again in this country.

dmg24

flight747 wrote: »

And if you have a child saving of £3000 or over, they will reduce your benefit! Sound bit daft really compare to your personal own saving of no more than £6000 or your child saving of no more than £3000.

So, it will count eg: if your saving £3000+ and your child saving £3000+ declared as £6000+ will reduced your benefits!

That is wrong. The £3000 figure does not apply anymore.

flight747 wrote: »

No chance of that! UK will never get back on its feet ever again - not under Tory/Lib government. They are madness to get more cuts in job losses! Alots of UK are fed up with high unemployment and might seek jobs abroad! No jobs is giving to British Peoples again in this country.

Is that supposed to make any sense?

flight747

dmg24 wrote: »

That is wrong. The £3000 figure does not apply anymore.

No, it still count under child saving! The jobcentre say so. It the rules.

dodger1

flight747 wrote: »

No chance of that! UK will never get back on its feet ever again - not under Tory/Lib government. They are madness to get more cuts in job losses! Alots of UK are fed up with high unemployment and might seek jobs abroad! No jobs is giving to British Peoples again in this country.

I'm guessing you don't look at the EU stats. GB is currently below the average for unemployment percentages in the EU so I don't know where the people will be getting their foreign jobs. Virtually every country within the EU is presently planning for huge spending cuts, we are no different. It's simply because of many years of over spending. Even the Labour party agree cuts have to be made, they just think the cuts should be less but over a longer period.

dmg24

flight747 wrote: »

No, it still count under child saving! The jobcentre say so. It the rules.

Wrong again flight747, I do wish you would check your facts before posting. It is explained well by cassieB57 in the following post:

cassieB57 wrote: »

Splash-what I have quoted in my posts IS from the Decision Maker's Guide, which can be found on the government website http://www.dwp.gov.uk/docs/dmgch29.pdf

First thing the DM decides is 'Does the person own the Capital?'


Answer: (DMG29070-Only the capital where people are the beneficial owners is included when working out what capital they have.


who is the beneficial owner? answer: the child for whom the premium bonds were bought. 'DMG29077 A child or young person can be the beneficial owner of capital.

Does the person own the capital 29078 29090
29078 Children and young people may not be the legal owners of the capital of which they are the beneficial owners. This is because businesses, such as banks, will not enter into a contract with them. If they are the beneficial owners and not the legal owners, their capital will be held on trust by another person'

'DMG29091 If there is written evidence naming who has a beneficial interest in the capital the people named in the evidence are the beneficial owners'. The written evidence would be from the grandparents stating the the PBs were bought for the child and that the mother is the nominated person

The child's mother is NOT the benefical owner as she is holding it on trust for the child until the child is age 16. the child will then be the legal owner AND the beneficial owner.

The DM having decided whose capital it is then decides how it affects the Income support paid to the mother:

'The law
29015 [See DMG Memo JSA/IS 64] The law says

7.capital of a

7.2 child or young person is not treated as the capital of the claimant if the claimant is a member of a family.

I'm not sure how much more information you need, it's all quite clear, IMO, and the DM will of course be using the same guidance to make their decision