Hello, Is it necessary to inform Inland Revenue that I've been made redundant?
TIA
Hello, Is it necessary to inform Inland Revenue that I've been made redundant?
TIA
My employer did that for me. Note that you'll probably want to sign on ASAP so that your NI stamp continues to be paid. Depending on your means, you might even be entitled to some of the money you've paid into the system over the years. ;-)
Best Regards, Alex.
Not only will signing on cover your NI, but you should find that in cases of redundancy you are entitled to immediate payment (from the 4th day) of Job Seekers Allowance, a princely sum of 55.65 a week.
They'll find out when they get your P45.
Slight deviation from topic...
but if you are made redundant because your employer wound up and is insolvent my understanding is the DTI Redundency Payments Office picks up the tabs for your statory redendency pay, lack of notice, unpaid wages pay etc. What is the position if shortly after being made redundent a client approachs you to work for the directly to complete the work you employer was carrying out, does this affect the redundancy payout and does it make any difference if you have 2 part time jobs and are made redundent from one in the above situation and just start working fulltime in your other job.
Speaking of which, between college and getting a job I went on an extended holiday round Europe so there was a period of 6 to 8 months where I didn't pay NIC's..however I didn't sign on either so didn't cost the government anything. This was all about 15 years ago now.
Could I encounter problems at a later date? How do I check?
sPoNiX
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