If your employer plans on making some employees redundant, it is probably a good idea to ask for voluntary redundancy. If you want volunteer for redundancy because you have received another job offer, you should know that you can not receive voluntary redundancy pay if you move on to a new job straight away.
Can I get made redundant while on furlough?
You can still be made redundant while you’re furloughed. You employer will take you off the furlough scheme when you start your notice period. They’ll still have to pay you any money you’re owed and follow the right process. They can’t discriminate against you – check if your redundancy is fair if you’re not sure.
Can you find a new job with voluntary redundancy?
“With voluntary redundancy it can be tempting to take a large payout and take a risk in finding a new job and surprisingly many people are actually finding jobs in this market,” she says. However, finding a job is not always through job ads.
What happens to my mortgage after voluntary redundancy?
Voluntary redundancy is usually excluded, meaning they won’t pay your mortgage payments after your redundancy. You can ask to be made compulsorily redundant instead – contact your nearest Citizens Advice if you need help speaking to your employer or understanding your options.
How much money do you get in compulsory redundancy?
The amount of money you should receive as part of a compulsory redundancy depends on a number of factors: your age, your length of service, and your weekly pay. To better understand what you’re entitled to, read our article on what you can expect to get if you’ re made redundant.
Can You claim universal credit after voluntary redundancy?
GOV.UK has more info on redundancy rights. You might be able to claim benefits like Universal Credit after taking voluntary redundancy – check what benefits you might be entitled to. You should check your mortgage protection policy to see what it says about voluntary redundancy.
