woot redundancy
my work place has granted me redundancy. will be leaving in march.
17k altogether i will be getting.
bit scary as i dont have a job lined up, but im sure something will come up. :p
just checked my AL card too, got 27 days coming to me before end of march.
double woot.
17k altogether i will be getting.
bit scary as i dont have a job lined up, but im sure something will come up. :p
just checked my AL card too, got 27 days coming to me before end of march.
double woot.
Post edited by mile on
Comments
Er congratulations?
I've been made redundant 3 times and the most i ever got once was 4.5k ! Another time just 1600 (400 quid for every year i had been there).
This could be brilliant for you if you get another job soon after and still have 17k in the bank. Damn i'm jealous !!
- IONIAN-GAMES.com -
still at the NHS, but its 10 years service, so thats why its a lot. ;)
A couple of guys took the money and were back working for us 4 months later via a temp agency earning ?6 an hour when previously they were on ?15 an hour.
Oh aye!...and er....soz aboot the job that situation always comes as a shock.
But look on the bright side you've got experience and you've got 4 months to find something else, and a nice golden handshake.
I think you'll be OK :D
yeah not sure how that works really, i didn't think you could get any benefits if you decided to leave.
its not like the company has closed yet, i had to apply for it.
redundancy fact sheet
As I understand the rules, redundancy pay is not counted as income - or is disregarded as income, but does count as capital, and voluntary redundancy is not a reason for sanctions - i.e they can't say you can't have any dole cos it's your fault you don't have a job, like if you'd been fired they might stop some money
The first 6 months of JSA, are non means tested benefit, your redundancy wouldn't count for example as 6 months worth of employment income.
After 6 months, contributory based JSA stops, and income based JSA begins, which is means tested. Means tested benefits have capital limits, which I cannot remember off the top of my head, but I think are like ?6k or ?12k for couples - but I'm probably wrong
this link might be of some use to you, possibly
https://www.dwpe-services.direct.gov.uk/en/benefitsadviser
broadly speaking the same would apply for Hosing Benefit and Council Tax Benefit
The other good thing is that you probably won't do much work in the last month anyway, people will be scared of giving you stuff to do in case you try to sabotage the place. :-P
What are you going to spend the money on and how long are you going to take off?
thanks dude, thats a real help.
i was getting all my advice off people at the water machine at work. ;)
With Miles i think he'll have 3 weeks in Amsterdam and then come back walking like 'John Wayne'.
The sneaky one to watch is if you're paying a mortgage with redundancy protection cover. That only steps in if you're pushed, not if you take voluntary redundancy.
- IONIAN-GAMES.com -
I believe the same rules apply to Housing Benefit, in the initial 6 month period.
Once you get beyond that, then capital is looked at, for every (and I'm just guesstimate remembering here, these figtures are examples, not fact!) ?250 above ?10,000 it's counted as ?1 income.
I can't remember what the rules are for income based JSA capital limit calculations.
Is it not obligatory period, which ever is greater of the contractual or statutory period?
better start spending!
1 year
hookers and blow
lol
about 8 people from work got it this time round, and they are all going on about their plans, going to uni, tavelling, so i might have a good think about what to do with this opportunity.
although getting a job and having that as my savings would be my prefered option. ;)
Money is going to get tighter that a virgins ... well you know what.
A studenty year's travelling is a waste of time and money, but a month or two off could be a laugh.
Don't get too idle though as you'll want to get back into work so you can save a good chunk of the cash, and it could take many months (think 3-8 ) to find something with that cash ebbing away.
- IONIAN-GAMES.com -
i could
but colin fishwicke is a very hard man to kill.
:p
..That means you'll be all boozing together down the local most nights (and days!).. :-P
it was more a headache people asking me how much he got redundancy wise. Only thing now is, yep new job... BUT new contract (no double pay on Sundays etc).