2006-08-11 22:20:30 · 10 answers · asked by paul s 3 in Business & Finance ➔ Careers & Employment
Just in case any one thinks that I am doing this just to sign on it's the situation I am in at the moment I have been on so called garden leave for the past 4 month on full pay whilst the company find me a nother placement but I am concerned that they may try to pay me off to leave and therefore I need to know this information to know how much compensation I will need
2006-08-11 22:48:49 · update #1
You can, and need to, sign on straight away. If you leave voluntarily then no monies will be forthcoming for 3 months.
If you are made redundant, then you will receive job seekers allowance (providing you are looking for work) straight away.
Some benefits are means tested so any savings above £3000 (?)in the bank will diminish your benefits with benefits stopping once you have £8000 in the bank.
Hang out for the pay off but in the meantime, start looking for the next position, just in case!!!
2006-08-12 00:03:52 · answer #1 · answered by Valiant 3 · 0⤊ 0⤋
Unfortunately you are about to find out that the tabloids are good at stories but not that good on the truth of the matter. I hope you have insurance for your mortgage so that it is paid for you as your in for a rude awakening. Your mortgage is not paid for by the state until you are off work for 1 year. Then only the interest is paid! The interest rate is decided by the state and may not cover your payments. The only other payment you will get is Income Support, which will depend on your circumsances and savings. Its about £2 per week. (Dont spend your redundancy money!!!!) good luck. And don't despair, a rude awakening is there for the population as when jobs dry up - they dry up. Full stop!
2016-03-26 22:48:43 · answer #2 · answered by Anonymous · 0⤊ 0⤋
you can sign on right away but will be a few months before you get any money ... plus you will need to have agood reason for given up a job in the 1st place ....and may i add i think you are a fool to give up a job to sign on i hope its just a dream lol
2006-08-11 22:41:05 · answer #3 · answered by carol p 4 · 0⤊ 0⤋
it depends on the amount of redundancy money received as to whether you receive paid benefit, best thing to do is as soon as you know your leaving date contact the Job Centre.
Even if you aren't entitled to paid benefit you will receive National Insurance stamps for the period you are out of work which helps towards achieving sufficient contributions to be entitled to full state pension when you retire.
2006-08-11 22:28:25 · answer #4 · answered by g8bvl 5 · 0⤊ 0⤋
It depends on why you left your job, it will have to go to a decision maker and they will tell you how long it will be.
Phone or go into your local job centre and they will give you all the info you require. Good Luck with everything x
2006-08-11 22:33:44 · answer #5 · answered by Berni 3 · 0⤊ 0⤋
You must sign on straight away but you don't get any money for six weeks. That is no money from DWP but you might be eligable for income support.
2006-08-11 22:27:36 · answer #6 · answered by Anonymous · 0⤊ 0⤋
if you can prove constructive dismissal or that it was affecting your health with stress you may get benefit on compassionate terms but it can take upto 6 weeks to sort out. contact Welfare Rights in your area.
2006-08-11 22:57:35 · answer #7 · answered by minerva 7 · 0⤊ 0⤋
you can sign on straight away but you wont get any money for 3-6 months
2006-08-11 22:22:05 · answer #8 · answered by Anonymous · 1⤊ 0⤋
I didn't think you could sign on unless you were made redundant, had never worked, or were an immigrant.
2006-08-11 22:26:29 · answer #9 · answered by anonymous_dave 4 · 0⤊ 1⤋
I thought it was 6 weeks - but not sure.
2006-08-11 22:44:56 · answer #10 · answered by Lavender 4 · 0⤊ 0⤋