Your personalised action plan
Thanks for answering those questions. Here are your personalised recommendations for the help you could get.
1. What happens if I get made redundant or let go from my job?
We know that the idea of redundancy or losing your job is scary
Is there any way to keep my job?
Possibly! If you were made redundant/let go after 28 February 2020, you can ask your old company to rehire you and put you on furlough.
You can also ask your company to look into getting a Coronavirus Business Interruption Loan. These are loans up to £5 million to help businesses with cashflow (including so they can pay salaries).
Will I get any money if I’m made redundant?
Some companies will pay you a sum of money if they make you redundant (that’s called an ‘enhanced redundancy package’).
You automatically get standard redundancy payments (called ‘statutory redundancy’) if you’ve worked for your company for more than 2 years.
You will get a minimum statutory redundancy payment, as long as you have worked for the company for at least 2 years.
How much you get depends on your age at the time that you worked for the company:
- half a week’s pay for each full year you were under 22
- one week’s pay for each full year you were 22 or older, but under 41
- one and half week’s pay for each full year you were 41 or older
Unless you’ve been with the company for a very long time, or your salary is high, it’s probably won’t give you much money. So look into getting benefits as well.
What if I’m just let go (and they don’t make me redundant)
We’d expect most covid-19 employee terminations to be redundancy situations. So if your whole company or division is closing and your company hasn’t given you redundancy pay, ask them why they don’t consider this a redunancy situation.
It’s possible for some companies to do layoffs or short-time working. Basically where they ask you to stop working for them temporarily, or reduce your hours. Usually as a way to avoid redundancies.
Unless you’re in an industry where this is normal practice, or your employment contract already allows them to do layoffs/short-time working, they have to agree it with you.
They either have to pay you your full pay during this time, or agree a different amount with you.
2. Need more money for yourself? Check what benefits you could get
If you don’t think the above will get you enough income to pay your mortgage, rent or other living costs, then check what benefits you could get.
Use a benefits’ calculator
The rules around benefits claims (specifically Universal Credit) have been changed to make it easier for people to get support. Although it takes around 5 weeks for your UC application to be assessed, you can request an advance payment, which will be paid quicker to tide you over.
Use EntitledTo’s benefits calculator to see what you are eligible for.
If you are eligible for Universal Credit (or any other benefits), we recommend applying online as phone lines are incredibly busy.