Coping with redundancy can be stressful but there are a number of things that can be done to ease the burden of managing your finances. You may be entitled to certain State Benefits as well as Income Tax rebates.
If you have been made redundant you may be entitled to one or more of the following benefits
- Universal Credit
- Housing Benefit
- Council Tax Reduction
- Jobseeker’s Allowance
- Tax credits
- Free school meals for your children
- Help with NHS costs.
More information on Benefits and tax credits when you’ve lost your job is avilable at the ollowing links:
You may also be able to claim back some of the income tax you have paid while working and you can check this by following this link.
For advice on making the most of your redundancy money, budgeting while you are out of work including a checklist of "things to do" and an action plan to "Manage your Budget", follow this link.
A guide to dealing with redundancy and debt is available from stepchange.org.
For detailed advice on preparing for and managing all aspects of your situation after redundancy follow this link.
Guide to Redundancy
A complete guide to redundacy is available from the MyAdviceGateway section What is Redunndancy
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