Benefit entitlement after redundancy

luke123456

Hi

A friend of mine has been made redundant. He has no children under 18 and lives in his own home which he has a mortgage on.

Is be entitled to any benefits until he finds a new job or would he not be entitled to anything as he has a mortgage.

Thanks

Darksparkle

He may be entitled to JSA.

They'd look at contributions based first.

Tammykitty

as above, entitled to JSA for 26 weeks - contributions based regardless of savings etc.


After 26 weeks, entitled to "Income based" JSA, if no savings


Also may be entitled to Support for Mortgage Interest (SMI) if he still hasn't found a job after 39 weeks.


Does he have any insurance to cover the mortgage in the event of redundancy?

luke123456

So what does this mean, they look at how much assets he owns etc?

Tammykitty

After 6 months, they will look at the savings and assets he has, excluding the house.


If they are less than £6k he will be entitled to benefits.


For the first 6 months he is entitled to benefits anyway (assuming he has been working and paying national insurance for the last 2 years)

luke123456

Yes he has been working for the last 8 years and Paying NI contributions, tax etc

So even if he has savings and will get a redundancy payment he should be entitled to JSA for the first 6 months?

Tammykitty

luke123456 wrote: »

Yes he has been working for the last 8 years and Paying NI contributions, tax etc

So even if he has savings and will get a redundancy payment he should be entitled to JSA for the first 6 months?

Yes he will be, think its about £75 a week

luke123456

Oh right so its not much at all, but its something I guess...

Does he have to go for a weekly sign in or courses etc

Tammykitty

luke123456 wrote: »

Oh right so its not much at all, but its something I guess...

Does he have to go for a weekly sign in or courses etc

Standard seems to be fortnightly sign in and provide evidence he is job hunting.


He will not be made attend course for the first few months at least