• From The BBC:

    Unemployment can be one of life’s toughest challenges, but there are many practical steps you can take to help you best cope.
    An array of information is available through the BBC News website and various groups offer help for people who are unemployed.
    Here is a guide to some of that advice and information.
    RedundancyClaiming benefitsLooking for a jobYour mortgages and risk of repossessionBudgeting and facing your debts

    If you have worked continuously for the same employer for two years or more, you are likely to be entitled to statutory redundancy pay.
    The first £30,000 of redundancy pay is tax-free but the rest, including unpaid wages and bonuses, may be taxed.
    Check out what happens when your employer goes into administration.
    There are also complicated rules for employers on income tax surrounding redundancy payments.
    But there are also opportunities for businesses to strengthen their position.
    If you are being made redundant, there are tips on negotiating redundancy pay…

    Click to read the full article »

    Posted by Jon @ 12:50 am

Leave a Reply

Your email address will not be published. Required fields are marked *