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Redundant March 21'
in Redundancy & redundancy planning
15 replies 1.2K views
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Contractual amounts (eg PILON) are not included in the redundancy amount and therefore taxable even when total payment is below £30K.
it seems sensible to use 5k to clear it off from redundancy payment, to free up un needed 150 per month, if I'm unsuccessful finding part time employment.
Some companies don't use standard redundancy procedures preferring settlement agreements.
Continuing with job apps.
thanks mser's advice appreciated.
Job offer recently., been hectic continuing WFH whilst job searching/agreeing Redundancy details.
Told today I'm free to start new role from mid March which is very good, hopefully.
Financially seems almost overwhelming, not huge amounts, though have never handled larger sums, including Redundancy payment soon. Share save refunded (cash refund) and small Pension balance possibly returned though likely to be held until I could transfer over to new Scheme.
I'll rest as Priority over weekend, and make one or two call to DWP etc next week.
Quite a challenge returning to Full time hours after three years of part time hours.