Universal credit/redundancy - help please?

[FuckedyFuck]

Hi!

Hoping there’s some knowledgable people on here as there’s nothing online.

Does anyone know if my redundancy pay is classed as income for universal credit?

Due to get a redundancy payout end of the month of £500, currently on UC so will they deduct the £500 in the same way they do on my monthly wage?

If they do, would mean my redundancy extra pay would work out at around £280 once deducted so just trying to budget how far it’ll stretch.

Thanks sooo much!

[CatToddlerUprising]

Redundancy pay will be treated as capital. But payment in lieu of notice/back pay/holiday pay will be classed as income

[FuckedyFuck]

Thank you! So redundancy pay is basically disregarded from the monthly award unless it takes you over some savings limit? (not something I’d have to worry about!)

[CatToddlerUprising]

That’s right- over £6

[CatToddlerUprising]

Oops sorry- over £6k!