Redundancy payment and claiming benefits while unemployed
in Redundancy & redundancy planning
3 replies 1.7K views
I have recently been made redundant. The money I receive for redundancy pay and shares (which I have been forced to sell as leaving the company) will take me to around 11k. I however am currently under the das scheme in Scotland and have outstanding debt of around 6k. Paying this money off is obviously important but it would leave me very low on savings to live on. I have two children and am single with a mortgage and there is no other income coming in. Would my savings bracket for claiming benefits take into account the full 11k or would they count my savings after this debt is paid off.
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