We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Being made redundant very soon

Options
Getting made redundant in Feb 21 I have a mortgage, was wandering what benefits I would be entitled too if any, I also have savings over 16000, hopefully I'll get another job by then but haven't had alot of luck as of yet, would appreciate any help on this matter, thanks in advance 

Comments

  • p00hsticks
    p00hsticks Posts: 14,400 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Assuming that you have sufficient NI contributions for the years 2018-19 and 2019-20 (as the 'benefit years' used will have advanced from 2017-18 and 2018-19 by February next year) then you'll be entitled to New style JSA for six months - I think your savings will prevent you from being elegible for anything else.
  • Phil&Michelle
    Phil&Michelle Posts: 106 Forumite
    Third Anniversary 10 Posts Combo Breaker
    edited 9 December 2020 at 9:13PM
    You could the try entitledto calculator, it's a free tool and should give you some idea, I'm sure there is a box in there somewhere which accounts for savings. This is recommended benefits calculator on gov.uk website 
  • poppy12345
    poppy12345 Posts: 18,879 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper
    You could the try entitledto calculator, it's a free tool and should give you some idea, I'm sure there is a box in there somewhere which accounts for savings. This is recommended benefits calculator on gov.uk website 

    With savings of more than £16,000 all they maybe entitled to is New style JSA which is £74.35 (over 25's) per week for 26 weeks.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.4K Spending & Discounts
  • 243.7K Work, Benefits & Business
  • 598.5K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 256.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.