JSA and redundancy

madeinireland_2

I will be taking voluntary redundancy in next couple of months and will receive a substantial payment spread over next 3 years. I will spread it as £30k this year which will be tax free and the £11k in next two years up to the annual allowance - meaning the whole payment will be tax free. I am fortunate in that my company allows us to do this.

My question is - will this affect my ability to claim JSA ?

I don't intend to look for work and claim JSA until April next year but would appreciate knowing if my £11k income next will affect that ?

Thanks.

p00hsticks

You'll be entitled to six months contributions based JSA which ignores any savings or redundancy payments (the exception being if you have any pensions in payment).

madeinireland_2

Thanks for your reply confirming that.