Redundancy - Living on Benefits

[champerington]

Hi all,

 

Unfortunately my employers are relocating and the move will leave it impossible for me to continue working for them.

 

I will be offered a redundancy payment (Approx £1700). Will this have an affect on any benefits i may receive when u become unemployed.

 

I must point out that i will be unable to look for other work as i will be caring for my own 2 children (3 & 2).

[Nystagmite]

Benefits would only be affected if you have savings of over £6k or have income over a certain amount per week. Are you a lone parent or part of a couple? if it's the former, you can claim income support as a lone parent.

[champerington]

Thanks for your reply.

 

I do not have any savings of that amount. I am a lone parent.

[Nystagmite]

You can claim income support as a lone parent until the youngest is 5. Income support would also entitle you to full housing and council tax benefits for your area. Any child support is ignored as income.

[champerington]

So in my case it is irrelevant what amount of redundancy i am given?

[antone]

So in my case it is irrelevant what amount of redundancy i am given?

 

As long as your redundancy payment plus any existing savings you have amount to less than £6k, yes, it's irrelevant. If you have savings between £6k and £16k, your weekly benefit payment will be reduced but you won't lose entitlement completely.

[postggj]

you mention a redundancy package of £1700

 

how long have you been working for the company

[MIKEY DABODEE]

For I.S payment in lieu of notice is counted as capital

so anything under 6k doesnt effect

[flumps1976]

Pay In Lieu is counted as capital for all benefits now, so the amount you quoted should not affect any entitlemt to Income Support, this link should help to show what benefits you could expect to receive.

http://www.turn2us.org.uk/benefits_search.aspx

[flumps1976]

mattybaby it changed a few years ago now :o don't worry though we still get calls from the CAB quoting very old guidance amd they don't like it when they are corrected only a couple of weeks ago I had a call similar to this to confirm the date someone could sign on from as they were made redundant and had redundancy, PILON and holiday pay, they would not believe when I advised it was all treated as a capital and a claim could be made the day following the offical redundancy if they wanted to pusue the claim for JSA but due to the amounts involved for that person it was only a claim for contribution based JSA.

[sillygirl1]

Enter the figures onto this website (it is FREE - there are some of these which charge 50% of an award which is robbery)

 

http://www.turn2us.org.uk/

 

and see what they say, you can do the printout and go to the benefits people with that as your backup and basis for claiming.