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Redundancy - what benifits?
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littlejaffa
Posts: 2,251 Forumite
Can someone tell me - when made redundant (with a healthy package) assuming you go onto JSA?
I suspect zero would be paid out (because of the healthy redundancy payment) but want to make sure NI contributions are paid up and think that's the best way to do it?
Also - does the amount you have in savings effect entitlement to tax credit?
Do you actually need to get jsa/esa cash...or does being registered and having your NI paid count as receipt enough, to get the tax credits?
thanks x
I suspect zero would be paid out (because of the healthy redundancy payment) but want to make sure NI contributions are paid up and think that's the best way to do it?
Also - does the amount you have in savings effect entitlement to tax credit?
Do you actually need to get jsa/esa cash...or does being registered and having your NI paid count as receipt enough, to get the tax credits?
thanks x
Don’t ask what the world needs. Ask what makes you come alive, and go do it.
Because what the world needs is people who have come alive.
Because what the world needs is people who have come alive.
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Comments
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no-one has a pointer on redundancy & tax credits?Don’t ask what the world needs. Ask what makes you come alive, and go do it.
Because what the world needs is people who have come alive.0 -
As far as i know savings dont affect you applying for tax credits (well to date ive not been asked about savings). Cant answer the other question though.0
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contributions JSA is not means tested pays out for 6 month if you qualify.0
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Found out today as long as you have savings of below £16000 then JSA will not be affected.'Dont Bury Your Head In The Sand As Your Problems Will Still Exist'
Debt Free Since 1st September 2009:j0 -
Contributions based JSA will be paid regardless of savings. When I was made redundant 2 years ago I had the thick end of +£100K package sitting in the bank but received JSA from day one for 6 months.0
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