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Is 10 month salary a good deal for VR?

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I know it can be a personal choice and everyone circumstances is different but as a rule of thumb, is 10 months salary a good deal for VR?
And how does my age (state pension in Feb 2022) have impact on whether to take it or not? 
I only have 19 qualify yrs and 19 yrs in final salary pension, so I might not able to retire at the pension age.
I don't want to take that 16k and have to find a new job in these covid time

Comments

  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Your statutory redundancy would be 28.5 weeks and 12 weeks notice pay(is that included in the 10 months?)
    that's 6.5 months or 9.5 months anyway.
  • pjcox2005
    pjcox2005 Posts: 1,018 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I don't have a feel for it, but I'd say no harm in asking a company to up it given length of service so could ask if they'll stretch to 12 months.
    If you haven't already I'd go on the pension board and get help planning out what pension you would qualify for and if short on state pension what you can top up. If I'm reading that right that retirement age is 2 years away then a 10 month redundancy may be a reasonable option but only if you can get comfortable that you've got enough going forwards.
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