Does anyone know how UC works in terms of redundancy?
I am being made redundant on the 1st Sept. (Company in administration I'll be claiming redundancy through government).
When I receive the stat redundancy payout is that used as part of any income I've earned that month as it isn't taxable?
I know that the PILOU payment I get later on is taxable so assume that would form part of income earned when the UC is calculated.
The stat redundancy will be around 4k so it wont take me over the 16k saving threshold.