Voluntary Redundancy

[Blades_fan]

I have been offered voluntary redundancy at work with a years salary,(as opposed to compulsary redundancy).
Am I allowed to sign on the dole,or claim job seekers allowance straight away?
Thanks for any info.

[buildersmate]

Not until the end of your contractual notice period expires.
It doesn't actually matter whether you take voluntary or compulsory redundancy - the same applies.
Your contractual notice period will depend how long you have been working there - but since you are being offered 12 months salary, one assumes you've been there some while. It is likely to be between 4 and 12 weeks.
The 'dole' is Job Seekers' Allowance.
Bear in mind that redundancy sums over �30k are taxable (the element over �30k is).

[Blades_fan]

I've worked there for nearly 30 years.
Thanks for the advice.

[pusspuss]

Have you got a union rep you could have a word with.Where
i worked (large firm ) the people who worked there 28 and 30 years got around �42, 000 to �48,000. the skilled workers got higher amounts . A friend got �64,000 and NONE of us had to pay tax.

[pusspuss]

ps ,This was 5 to 6 years ago.

[pusspuss]

pps, Just in case you don't know .When you go to the job centre they want to see your bank account , building society account, post office etc details .ORIGINALS not photo copies.They take a copy of all your oriiginals.

[pusspuss]

Can i alter the bit about tax , some tax was paid . When they give you a final figure ask if this is the figure before tax or after tax. the figures i have quoted above were the final figures paid to people.please have a read of this link

http://www.armchairadvice.co.uk/financial/tax. asp

[buildersmate]

....... which merely appears to confirm what I was saying in the first place.