I am told that the authorities understand that if you lose your job aged about 62 then you have little chance of getting another one, and they will pay something similar to your pension without needing to sign on, until your real pension is due. Is this true? If so, is it dependant on being sacked rather than choosing to leave the job? Is it also available to the self-employed? My informant wasn't clear on details but didn't think it was means tested, so presumably it is something other than Pension Credit? I am asking to see if it might be something I should suggest to a friend. He is a sole trader with a small workshop whose work has almost dried up, and he is struggling to stay in business.
- posted
13 years ago