What should I do if I am made redundant?
Preparing for after redundancy
- Help getting a new job.
- Taking time off to look for work.
- Check you got all the money you’re entitled to.
- Check if you have to pay tax on your redundancy pay.
- Claiming benefits.
- Help paying your rent or mortgage.
- Get advice about any debts.
- Get independent financial advice.
How much redundancy pay will I get UK?
You’ll normally be entitled to statutory redundancy pay if you’re an employee and you’ve been working for your current employer for 2 years or more. You’ll get: half a week’s pay for each full year you were under 22. one week’s pay for each full year you were 22 or older, but under 41.
Can my employer make me redundant?
Your employer can declare your job redundant if the requirement for the work you are doing has either ceased or is diminishing. It does not automatically follow from being put at risk of redundancy that it is you who will ultimately be made redundant.
Can I claim JSA if made redundant?
If you’ve been made redundant or been told that you will soon be made redundant, there are 3 main types of financial support that could be available to you: Universal Credit. New Style Jobseeker’s Allowance (New Style JSA) New Style Employment and Support Allowance (New Style ESA)
Should I wait for redundancy or leave?
Don’t leave early unless your employer agrees – otherwise you’ll have resigned and won’t get your redundancy payment. If you want to leave early because you’ve found another job you could also ask your new employer if they’ll let you start later. Starting later could be better than losing your redundancy pay.
What’s the maximum redundancy you can get?
There are limits to how much redundancy pay you can get. You can only get it for up to 20 years of work. This means, for example, that if you’ve worked for your employer for 22 years you’ll only get redundancy pay for 20 of those years.
How can I get made redundant?
How to get made redundant
- Evalutate your position: if you are underpaid, overworked, talented and in your twenties you are probably a valuable commodity to your employer.
- Work out what you will do afterwards.
- Never suggest to your employer that you are likely to leave anyway.
- Write a letter outlining your reasons.