I’ve been furloughed, will I be made redundant?
If you’ve been furloughed from work it’s because your employers are taking steps to deal with the economic impact of coronavirus. Companies can get support from the government, so workers can receive 80% of their wages while being furloughed.
Being furloughed doesn’t necessarily mean that you’re at extra risk of redundancy. Read our guide to coronavirus and your finances for more information.
Your rights with redundancy
If you’re facing redundancy it’s vital that you understand your rights and entitlements. You also need to be aware of the correct procedure your employer must follow.
For example, sometimes an employer will have to offer you a redundancy settlement. Your HR department or line manager will usually make you aware if this is the case for you.
If you're facing redundancy, you may have a number of options to consider:
- Taking voluntary redundancy (where appropriate)
- Accepting an offer of redeployment within the same company
- Applying for a new job elsewhere
- Setting up your own business
Whichever option you take could mean big changes for you and your family. Seeking advice may help you make the right choice. As difficult as it may seem, try to keep calm and not to rush into any long-term decisions.
A good place to start is to get advice on any debts you may be dealing with. It's possible that we can arrange a debt solution for you to help you while you're on a reduced income or looking for new employment.
Our Redundancy Guide takes an in-depth look at redundancy, the implications it may have for you, and the various options that may be available. (PDF not suitable for screenreaders, if you need help please contact us).
Use our online benefits calculator to check if there are any extra benefits that you can claim. Depending on your situation you may be able to claim Jobseeker's Allowance or money to help pay your rent and council tax.
Government mortgage schemes
If you’re a homeowner you may be able to get help with your mortgage payments. Read our information on government mortgage schemes to see if you're eligible to apply.
Payment protection insurance
If you’ve paid for payment protection (PPI) with any of your creditors, see if you can claim on them. This will mean that the insurance will pay your normal monthly payment for you.
If we haven’t answered your question please contact us and one of our advisors will be able to help you.