Redundant- best way forward financially?

Jake'sGran

Regardless of what the Doc says the stock market is the place where real money is made (and lost of course). The best thing is spread the money around, on deposit, stock market, bonds etc but if you are an extremely cautious type just put it in the best paying bank/bldg society account. I think a lot of people who read this site have probably done well with equities.

whambamboo

angioma wrote:

I'm not entirely sure about this, but I think signing on the dole would only be for employment availability, as I think your pension plus interest may well be considered to be adequate income. So, probably no additional income on that front.

It's definitely worth checking on that front.

I spoke to a couple earning about £80k/year between them, and when one was out of work for a few weeks looking for a new job, she said she claimed the dole. I expressed surprise, given their wealth.

She said it was purely based on NI payments. It is after all called National Insurance, and insures against precisely this kind of event.

Personally I would be checking to see what I could get.

Richard_III_2

Isn't there some rule about 'Signing On' which keeps your National Insurance/State Pension stamp going?