Help!!!!!! Redundancy or Job Share - What Benefits

englandfan

Hi All,

I have a conundrum.

I expect to be made redundant on Tuesday - no massive redundancy payout though - c.£8400 for 23 years service.

One option given to us as a possible alternative to redundancy(bascally there are two of us...one must go) is to Job share

I'm trying get all my figures together for both options so i can see if the job share will be a viable option.

I'd like to calculate what benefits my wife and i may be entitled to should 1.i except the redundancy or 2. accept a job share.

Basically my situation would be as follows;

Me..i'm 43, my wife...she's 40, and 2 daughters aged 13 and 5
We have c.£3000 in savings...oh and we also get child benefit

Income - if redundant
Earnings allready in 2011 - £2700 (gross)
Redundancy Payment - expected to be £8400
Partners expected Income 2011 - £7300 per annum (16hrs)
JSA after redundancy - £???

Income - if job share
Earnings allready in 2011 - £2700 (gross)
Remaing Salary in 2011 for job share - £15350 (gross)
Partners expected Income 2011 - £7300 per annum (16hrs)

I'm hoping there may be some experts out there who have a better idea of what benefits we would be entitled to - i've tried various websites, but i keep geting lots of different figures. Most ask for combined earnings in the financial year 2010-11 which is c.£40K ....but that has, or is about to change dramatically.

If i take the redundancy payment would we be entitled to working tax credit/child tax credit?....would anybody have an idea how much this would be?

if i take the job share would we be entitled to working tax credit/child tax credit?....would anybody have an idea how much this would be?

I dont know what other information anyone would need to help me get my head around the benefits system - but i'm happy to post any that would be required.

Many thanks in advance.

nannytone_2

come nextapril your wifes hours wouldnt be sufficient to get wtc. so it all depends on how hopeful you are that you will gain employment before then.

on a job share basis........you and your wife would get some help.
i suppose it depends on how you veiw things.
would you rather be working or on benefit?

merlin68

You would be entitled to JSA of £65 a week for six months. Tax credits child about £108 per week.