Redundancy

The prospect of redundancy can be daunting, particularly if your finances are likely to be affected. But there are steps you can take to help you manage any potential difficulties.

What can you do

Things to think about:

  • Don’t ignore the problem.
  • Check your redundancy rights.
  • See what benefits you are entitled to.
  • Take time to plan a new budget.
  • Plan ahead – look at savings, investments and pension plans.
  • Consider reviewing your mortgage and other debts if necessary.
  • Talk to us about your circumstances.
  • Consider your employment options and how can you get back into work.
  • Ask for help if you need it.

Getting back to work – How to start your job search

  • Although being made redundant can be a shock, you should act quickly to make sure you:
  • Get back out into the job market as soon as possible and that you start receiving the benefits you’re entitled to.
  • Go for a New Jobseekers’ Interview at your local Job Centre.
  • Refresh your CV and look for work online, in newspapers and magazines, through employment agencies and through contacts you already have.
  • You can claim Jobseekers’ Allowance if you’re unemployed and actively seeking work or working less than 16 hours per week. Go to GOV.UK for more details.