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Redundancy News - Weighing up my options would help with some feedback

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Comments

  • 20vt-rs
    20vt-rs Posts: 741 Forumite
    Part of the Furniture 500 Posts Mortgage-free Glee! Name Dropper
    Ratkin007 said:
    if you do not get a job straight away, it is worth considering applying for new style job seekers allowance.  I don't know much about benefits but I believe your savings are not considered for the first 6 months. Many people make the mistake of living of their redundancy and then when they apply they are not eligible because they are outside the 6 month period and have some savings. May be worth looking into as it looks like it is up to £92 per week.  

    Thanks for this, yes this is one of the first things I did after becoming officially unemployed  :)
    I registered but haven't heard anything yet, was probably around a couple of weeks ago now.
    Mortgage Free Wannabe Light Bulb Moment (Early 2012, started May 2012)
    Original Mortgage Amount - £147k (Oct 2005) / Term 27 years (To 2032)
    Target to Pay off by 2026 by overpaying - Officially Mortgage Free June 2023!
    Balance Reduction Progress: May12 £128k / Nov13 £120k / Dec15 £107k / Mar18 £87k / Mar21 £46k / Jun22 £28k / Jun23 £0!!

  • monkey-fingers
    monkey-fingers Posts: 412 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    20vt-rs said:
    Ratkin007 said:
    if you do not get a job straight away, it is worth considering applying for new style job seekers allowance.  I don't know much about benefits but I believe your savings are not considered for the first 6 months. Many people make the mistake of living of their redundancy and then when they apply they are not eligible because they are outside the 6 month period and have some savings. May be worth looking into as it looks like it is up to £92 per week.  

    Thanks for this, yes this is one of the first things I did after becoming officially unemployed  :)
    I registered but haven't heard anything yet, was probably around a couple of weeks ago now.
    It was weird. I had the same thing last year.

    I didn't hear back. Then I received my first payment into the bank. The letter came about a week later.
  • 20vt-rs
    20vt-rs Posts: 741 Forumite
    Part of the Furniture 500 Posts Mortgage-free Glee! Name Dropper
    20vt-rs said:
    Ratkin007 said:
    if you do not get a job straight away, it is worth considering applying for new style job seekers allowance.  I don't know much about benefits but I believe your savings are not considered for the first 6 months. Many people make the mistake of living of their redundancy and then when they apply they are not eligible because they are outside the 6 month period and have some savings. May be worth looking into as it looks like it is up to £92 per week.  

    Thanks for this, yes this is one of the first things I did after becoming officially unemployed  :)
    I registered but haven't heard anything yet, was probably around a couple of weeks ago now.
    It was weird. I had the same thing last year.

    I didn't hear back. Then I received my first payment into the bank. The letter came about a week later.

    Ah ok, hopefully it's like that for me... I did read when registering that I would need to go to local job centre for an interview etc, so will hopefully hear something this week.
    Mortgage Free Wannabe Light Bulb Moment (Early 2012, started May 2012)
    Original Mortgage Amount - £147k (Oct 2005) / Term 27 years (To 2032)
    Target to Pay off by 2026 by overpaying - Officially Mortgage Free June 2023!
    Balance Reduction Progress: May12 £128k / Nov13 £120k / Dec15 £107k / Mar18 £87k / Mar21 £46k / Jun22 £28k / Jun23 £0!!

  • 20vt-rs said:
    20vt-rs said:
    Ratkin007 said:
    if you do not get a job straight away, it is worth considering applying for new style job seekers allowance.  I don't know much about benefits but I believe your savings are not considered for the first 6 months. Many people make the mistake of living of their redundancy and then when they apply they are not eligible because they are outside the 6 month period and have some savings. May be worth looking into as it looks like it is up to £92 per week.  

    Thanks for this, yes this is one of the first things I did after becoming officially unemployed  :)
    I registered but haven't heard anything yet, was probably around a couple of weeks ago now.
    It was weird. I had the same thing last year.

    I didn't hear back. Then I received my first payment into the bank. The letter came about a week later.

    Ah ok, hopefully it's like that for me... I did read when registering that I would need to go to local job centre for an interview etc, so will hopefully hear something this week.
    Yup. That came through just before the payment.

    I understand why you have to do it, but it's a sobering process. My work coach was a good guy and could see I was doing everything in my power to get a job, so he didn't really bother me. He was also really happy when I told him I had got a new job.

    Whilst I was in there though, you could tell they were weary from others who clearly had no wish to actually get a job. He was trying to get a young woman to attend an interview and she kept coming up with excuses why she couldn't attend - she had a booking to get her nails done. It was her Gran's birthday. And so on.
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