5 things you need to know about furlough ending and how it affects your finances

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Five things you need to know about furlough ending and how it affects your finances

seven things you need to check if you're being made redundant.If your earnings have dropped, you might be able to get a grant that you won’t have to pay back ­– for example from your local council, a charity or even your energy company.

“Work out what benefits you are entitled to,” says Evans. “More than £18bn of benefits go unclaimed every year because people don’t know what they can get”.– it takes about 10 minutes to fill out and Evans says some people who have used it have found that they can get an extra £5,000 each year. If you are a Universal Credit claimant, you can’t be sanctioned for being made redundant – even if you took voluntary redundancy.But if you receive a redundancy payment, including pay in lieu of notice, pay for unused holiday or a lump sum for taking voluntary redundancy, this might affect your benefits because the money will be counted as savings.

 

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We already know how it's going to affect us.(1) creates forever long lasting hardship(2) jobs redundancies (3) more on job seekers allowance (4) more needing help from food banks (5) more shoved into poverty with no finances or help.Forgotten and left to scrimp and scrape.

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