reduncy and how it affcfec uc payment

Hunnie1977

Been made redunt as 27 nov 25 after 7 year same company no pay rise am divorced and livig 17 mies from sone and work place what will to do to my uc claim as themoney is for around 3 months but need to keep for rainy day am looking for work but live in hemle jobs far between amd thinking of moving back in to lodon but rent are 600 more the what am paying at present 

 any advise 

El_Torro

If you have £16k or more in savings (money paid to you from a redundancy counts) then you will get no Universal Credit. If you have between £6k and £16k in savings you might still get something, though probably less than you get today. 

What kind of advice are you looking for?

tacpot12

How much is the redundancy payment you are expecting to receive? 

Marcon

Plenty of info if you just google for it eg https://www.turn2us.org.uk/get-support/information-for-your-situation/work-and-employment/redundancy or https://www.understandinguniversalcredit.gov.uk/employment-and-benefits-support/redundancy/?utm_source=twitter&utm_medium=dwp&utm_term&utm_content=37fe1397-584b-4015-b0f2-9b61218638e3&utm_campaign=kickstart

rarees1

As someone already said, you will not be eligible for any UC if your total capital is over £16k.   You can apply for contributions based New Style Job Seeker's Allowance which is not means tested, paid fortnightly  and you have a right to payments for 6 months.  It pays a "better" rate of NI credits for you than UC and the amount of capital is irrelevant.  You can apply for that straight away.

If your capital is below £16k, you should still apply for NSESA immediately and, if you need help with housing costs, apply for UC to top it up (see below).  For every  £250 or part thereof above £6k capital a deduction will be taken of £4.33per month.  

IMPORTANT ADVICE:  TIMING OF APPLYING FOR UC.

If you are eligible for UC, DO NOT apply until you have received all monies owed to you in full, be it wages, pay in lieu of notice, holiday pay, redundancy pay, expenses, etc.  Then apply the day after.  At the end of the first calendar month from the date you apply, all your other income feceived during that period is deducted from UC.  Your termination payments will probably completely wipe any UC out that first month if you don't time it correctly and you'll have to wait another month before you receive any UC.  If you've applied too soon, cancel your claim and reapply after you've had all monies due.  

If you have less than £16k, remember to also apply for Council Tax Reduction, called Council Tax Support in some local authorities.  All the best for a new job!

Hunnie1977

rough idea is 7 k and nov salary plus holiday pay but as got appeal going amount may go up or remain same