I am now working 10 weeks redundancy notice and I am hoping we can sort a full & final as the stress of this so close to the end is making me ill, I have worked from home for 10 years in an employed role as a travel agent I have suffered for many years with anxiety and the flexibility of homeworking around my husbands shifts and childcare has really helped me and I have no idea now how I am going to find a similar job to fit around everything. I am due to receive approx. 4k redundancy as I work part time this is 20 weeks pay.our monthly payment is £210 it was originally £130 per month in the first year.
I am just composing an email for CF and I am unsure what I need to include in this I would really like to try and finish our IVA's I know my family are now willing to help me if needed as the stress is getting too much for me. any advise much appreciated as I want to make sure I handle this in the correct way.
On the redundancy front ... you are generally allowed to keep up to 6 months salary equivalent, from which to live and continue IVA payments whilst looking for work. So, assuming you do have the usual clauses, you should be able to keep it all.
Are you certain you have a 5 year term, not 6 ? NR generally amend the term to 6 at the outset (with the possibility of the 12 month extension still to be added).
If you have 7 months left ( and can convince them of no extension due to lack of equity you will need to ride it out -- too late for a F&F go through). If you get the extension, so 19 months left (based on you being a 5 year from the start), they are expecting around £3990 from you. So, all things being equal, you could use the redundancy to fund a F&F of, say, £3,500. But, of course, would have to consider the costs of living without the redundancy payment (on the plus side ... without the IVA payment going out as well!)
Like foggy says too late to start a full n final offer ..timescales are against you unfortunately. Maybe your family could help in other ways in the mean time.
Best of luck.
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