Can I claim money if made redundant?

Claiming benefits 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)

Where do I get my redundancy pay if I am made redundant?

If the company has no money left to offer redundancy pay, then you’ll need to claim your statutory redundancy pay from the Redundancy Payments Service (part of the Insolvency Service). The money you get will come from the National Insurance Fund, a giant Government insurance scheme set up after World War Two into which we all pay as we work.

How much can you claim from national insurance if you are made redundant?

If you’re owed wages or holiday pay from a firm that’s gone bust, you can also claim the following from the National Insurance Fund via the Redundancy Payments Service. Unlike redundancy pay, this is taxed, though it does use the same ‘maximum’ rule of no more than £538 a week (£560 in Northern Ireland).

What do you get if you are made redundant in Northern Ireland?

A redundancy payout is essentially compensation for your loss of work. Here’s how it works: You get statutory redundancy pay as a minimum, provided you’ve worked for your employer for two years or more. The limit is currently £538 a week (£560 in Northern Ireland) if you were made redundant on or after 6 April 2020.

How to apply for redundancy pay if your employer is insolvent?

Find out about: If your employer is insolvent, find out how to apply for redundancy pay, holiday pay, statutory notice pay and any other money you’re owed by your employer from the Insolvency Service .