layoffs.ukUK job cuts. With the facts.
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How long will my redundancy money last?

Compare the money you have with essential monthly costs and income while you are out of work.

Your employer: University of Sheffield announced job cuts on 22 January 2025.

You can fill this from the result on Is redundancy pay taxed?

Include JSA while it pays, plus any partner contribution or pension income. If prefilled from What can I claim, add those other sources.

Enter this only if the monthly income above includes New Style JSA.

Needed if you enter JSA. Include Universal Credit without JSA, plus any partner contribution or pension income.

Universal Credit counts savings above £6,000 when working out a payment. Check what you could claim early, since income can change as savings fall.

This is an estimate, not advice. Check the details with GOV.UK’s Universal Credit savings rules.

Common questions

How is the balance calculated?

After-tax redundancy pay plus savings, less one-off costs, then each month’s income less essential costs. If JSA is entered, the monthly run uses its 182-day limit.

Does Universal Credit change as savings run down?

It can. Savings above £6,000 reduce Universal Credit, and savings above £16,000 usually prevent a claim.