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Benefits

My job has become under threat of redundancy at work. My employer, however, is offering me an enhanced agreement to leave straightaway. This payment could be a substantial sum.
If I agree to take it, do I register immediately as unemployed? Do I qualify for benefits? Are personal savings taken into account when benefits are claimed?
Any help gratefully appreciated.

Comments

  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Contributions JSA from day one.

    Most other things are means tested so savings count.
  • Good news on the JSA from day one. I have applied online and am waiting for an interview appointment to come thru. Tho I have left it a month to apply, as I thought that my PILON would mean I am not entitled to any immediate benefits. ie I was made redundant on November 30th but had a 1 month PILON payment.
  • CRUSOE wrote: »
    I thought that my PILON would mean I am not entitled to any immediate benefits. ie I was made redundant on November 30th but had a 1 month PILON payment.
    PILON makes no difference, I had 3 months PILON but registered for JSA straight away and was accepted.
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