Choosing voluntary redundancy

Summary

You should think carefully about how voluntary redundancy will affect any money you’re entitled to. Ask your employer what the redundancy package will be. Sometimes employers offer incentives for taking voluntary redundancy, like extra redundancy pay or not having to work your notice period. You’ll also still get any other redundancy rights you’re entitled to, like time off to look for a new job. GOV.UK has more info on redundancy rights. You might be able to claim benefits like Universal Credit after taking voluntary redundancy - check what benefits you might be entitled to. You should check your mortgage protection policy to see what it says about voluntary redundancy. Voluntary redundancy is usually excluded, meaning they won’t pay your mortgage payments after your redundancy. You can ask to be made compulsorily redundant instead - contact your nearest Citizens Advice if you need help speaking to your employer or understanding your options. Read more about budgeting, training and finding a new job after redundancy. Your employer will select the people to be made redundant from everyone who volunteered. It’s up to your employer if they select you for redundancy. Just because you.

Key information

• any occupational or personal pensions you have
• any benefits you might be entitled to
• the redundancy package you’re being offered
• You should think carefully about how voluntary redundancy will affect any money you’re entitled to.
• Ask your employer what the redundancy package will be. Sometimes employers offer incentives for taking voluntary redundancy, like extra redundancy pay or not having to work your notice period.
• You’ll also still get any other redundancy rights you’re entitled to, like time off to look for a new job. GOV.UK has more info on redundancy rights.
• You might be able to claim benefits like Universal Credit after taking voluntary redundancy - check what benefits you might be entitled to.
• You should check your mortgage protection policy to see what it says about voluntary redundancy.
• Voluntary redundancy is usually excluded, meaning they won’t pay your mortgage payments after your redundancy.
• You can ask to be made compulsorily redundant instead - contact your nearest Citizens Advice if you need help speaking to your employer or understanding your options.
• Read more about budgeting, training and finding a new job after redundancy.
• Your employer will select the people to be made redundant from everyone who volunteered.

Practical guidance

• Source: Choosing voluntary redundancy

Related topics

More in this area

• Can I go to an employment tribunal?
• Challenge your redundancy
• Check how much redundancy pay you can get
• Check what happens if you win your employment tribunal case
• Check what it might cost to make an employment tribunal claim