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This information applies to England, Wales, Scotland and Northern Ireland
Your money situation after redundancy
If you've been made redundant, and you haven't got another job to go to, you'll need to think about your money situation.
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Redundancy pay
If you get redundancy pay, you might need independent financial advice to work out how best to use the money.
For more information about redundancy pay and independent financial advisers, see Redundancy pay.
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Benefits
You might be able to get cash help from the government or local authority (benefits). For example, you might get Jobseeker's Allowance (JSA), Housing Benefit, Council Tax Benefit, free school meals for your children and help with NHS costs. Benefits depend on your circumstances. You should claim benefits as soon as you can - you can make a claim on your first day of unemployment. To claim JSA, go your local JocbCentre Plus office. If you get redundancy pay when you are made redundant, this might affect your right to claim benefits.
For more information about benefits, go to our benefits section.
If you are getting Working Tax Credit (WTC) and your job ends because of redundancy, you will no longer be entitled to WTC. Some people can carry on getting WTC for four more weeks after their job ends. If you lose your job, you might be entitled to more Child Tax Credit. You must inform HM Revenue and Customs about the change in your circumstances.
For more information about Working Tax Credit and Child Tax Credit, see Benefits and tax credits for people in work.
Your State Retirement Pension and occupational pension won't be affected by your redundancy. You'll still get your pension when you reach retirement age or when your employment contract says you will.
For more information about pensions, see Benefits for people over sixty.
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Debts
You might need advice about any debts you have and how to budget to avoid future debt. If you have bought something on credit, check whether you've got a payment protection insurance policy that will pay off the credit if you're made redundant.
If you have a mortgage, you might get help to pay off part of your mortgage. You may be able to get help through a private or public sector mortgage rescue scheme.
For more information about mortgage arrears and mortgage rescue scheme in England and Wales, see Mortgage arrears and in Scotland, see Mortgage arrears.
For more information debts in England, Wales and Northern Ireland, see Help with debt and in Scotland, see Help with debt.
In England and Wales, there are a number of factsheets about debt.
In Scotland, there are also a number of factsheets about debt.
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