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  • FIRST POST
    • MSE Martin
    • By MSE Martin 21st Sep 06, 11:40 AM
    • 8,115Posts
    • 42,285Thanks
    MSE Martin
    The Great 'What to do in the event of redundancy' Hunt
    • #1
    • 21st Sep 06, 11:40 AM
    The Great 'What to do in the event of redundancy' Hunt 21st Sep 06 at 11:40 AM
    Update:

    We now have a fully researched Redundancy Help Guide

    Back to the original Great Hunt:



    Have you ever been made redundant?

    The Great 'What to do in the event of redundancy' Hunt

    This is a special plea. Recently in the 'suggestions for major articles' discussion someone asked for one on what to do in the event of redundancy.

    I think it's a great idea and plan to do it. However beforehand I wanted to get personal experiences and tips from people who have been through it - to help those who have it to come. Please help.

    Click reply to leave your suggestions - on as wide an amount of info as you like.

    Martin

    This Forum Tip was included in MoneySavingExpert's weekly email

    Don't miss out on new deals, loopholes, and vouchers

    Last edited by Former MSE Andrea; 25-03-2014 at 12:51 PM.
    Martin Lewis, Money Saving Expert.
    Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.

    Don't miss out on urgent MoneySaving, get my weekly e-mail at www.moneysavingexpert.com/tips.

    Debt-Free Wannabee Official Nerd Club: (Honorary) Members number 000
Page 10
    • erindoors123
    • By erindoors123 1st Feb 17, 12:24 PM
    • 4 Posts
    • 1 Thanks
    erindoors123
    my head feels like a whirling dervish trying to look through all forum links re redundancy, so much so I have given up after reading about a dozen so apologise if my question has been raised before:
    I was made redundant at Christmas by the dear old NHS after being in healthcare for 40 years (sadly not all pensioned). All very messy and painful, so much so I couldn't work at the end due to depression. I am also waiting for a second hip replacement so all things considered am not fit to work/claim JSA. I have applied to receive my reduced NHS pension which I am told may not now be available until March to May time. I used my redundancy lump sum to pay off my mortgage and cashed in another small pension pot to pay for a new roof as it was leaking but now I have no income for some months. I have never claimed anything in my life but need some money to keep me going until my pension comes through. However, I have been told by benefit adviser that my lump sum is classed as an income (regardless what I have used it on) and therefore not eligible for anything. Is it right I just have to wait? I was under the impression my pension would be available as of the end of Jan 17 - hence why I repaired my roof and paid off the mortgage. Does anyone have any advice on what I can do for the next few months as I am in despair?
    • lincroft1710
    • By lincroft1710 1st Feb 17, 3:19 PM
    • 11,948 Posts
    • 10,441 Thanks
    lincroft1710
    erindoors - I would suggest you post an edited version of the above in the Benefits and Tax Credits section. If you are looking for part time employment then look at the many threads on the Boost Your Income.
    • NICKIW
    • By NICKIW 2nd Feb 17, 8:59 AM
    • 1 Posts
    • 0 Thanks
    NICKIW
    I am being made redundant as of 31st March . As our pay day is 28th of each month I will have to wait until 28th April for my payout. Is this usual?
    Last edited by NICKIW; 02-02-2017 at 9:00 AM. Reason: wrong month
    • motorguy
    • By motorguy 11th Feb 17, 7:40 AM
    • 18,810 Posts
    • 11,640 Thanks
    motorguy
    I am being made redundant as of 31st March . As our pay day is 28th of each month I will have to wait until 28th April for my payout. Is this usual?
    Originally posted by NICKIW
    Cant see anything unusual about it?
    "We have normality. I repeat, we have normality. Anything you still can't cope with is therefore your own problem."
    • RedBalloon
    • By RedBalloon 15th Feb 17, 1:09 PM
    • 1,403 Posts
    • 5,411 Thanks
    RedBalloon
    Address of Workplace
    I got made redundant following my former employer going into voluntary redundancy.
    So now I have to fill out an application online for my redundancy pay from the government.
    The first question is 'Is this where you worked' and shows the address of the liquidators. I was just told to click 'Yes'. Was this the right thing to do?
    The actual 'office' I worked at was on a building site. The company was previously registered to their accountants address - should I have used this address instead? So confused!
    "Buy me, Lady", said the frock, "and I will make you into a BEAUTIFUL & WHOLE & COMPLETE human being".
    "Do not be silly", said the Man, "for a frock alone cannot do that".
    "True", said the Lady, "I will have the shoes and the bag as well".
    • Davenoodles
    • By Davenoodles 25th Jun 17, 5:53 PM
    • 1 Posts
    • 0 Thanks
    Davenoodles
    Pension advice
    Hello,

    My employer has advised myself and many others that our jobs are under threat and that redundancies are going to happen. I have checked what I am entitled to regarding my redundancy allowance via the government website. My kind wife sent me the link from here!

    My question is about my pension, which is approximately 18 years worth of contributions, what happens to my money?

    All help appreciated. Dave
    • Andy L
    • By Andy L 26th Jun 17, 8:16 AM
    • 9,852 Posts
    • 8,910 Thanks
    Andy L
    Hello,

    My employer has advised myself and many others that our jobs are under threat and that redundancies are going to happen. I have checked what I am entitled to regarding my redundancy allowance via the government website. My kind wife sent me the link from here!

    My question is about my pension, which is approximately 18 years worth of contributions, what happens to my money?

    All help appreciated. Dave
    Originally posted by Davenoodles
    Depends on what sort of pension it is, if it is a Defined Benefit scheme (Final Salary or Career average) it will become a deferred pension & increase in line with some measure of inflation or you may have the option to transfer it somewhere else (which may or may not be a good idea).
    If it is a Defined Contribution scheme then it will increase in line with investment returns and you will have the option to transfer it elsewhere (which again may or may not be a good idea)
    • cherie63
    • By cherie63 26th Oct 17, 7:28 PM
    • 31 Posts
    • 8 Thanks
    cherie63
    2 days ago a staff meeting was called and we were told that the receivers would be coming in. Have to collect my redundancy letter tomorrow as the company will be insolvent. I have worked with my 9 fellow workers since 2008 but I only work 3 days a week. Can I still claim contribution based JSA as I was paying NI. Any advice gladly accepted.
    • CRAZY:HORSE
    • By CRAZY:HORSE 30th Oct 17, 11:25 AM
    • 50 Posts
    • 6 Thanks
    CRAZY:HORSE
    So its happening!!


    Just been told that our positions at my place of work are no longer available and my manager has said that he can get me a job with another company.


    When I questioned him about redundancy he said it wouldn't be much, even though I have worked here 14 years!!


    Now I do get holiday pay and I am allowed sick pay , I have an employee number and can log on to the employee section portal to book holidays etc and to view all my pay slips.


    This to me shows that I am an employee and not just a worker.


    What do you guys think? This looks like happening before Christmas too so I need some advice please.


    Do you think its a good idea to print off as much of my info off the employee portal as possible showing the things I have stated so they don't try and pull a fast one!!
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