Do I Have a Right to Benefits If I Lose My Job?
Many companies voluntarily offer severance packages with benefits to its employees, however this is not required by law. These benefits are calculated by a number of factors including length of service, salary and unused holiday days. From employment law solicitors to factory workers in Brighton, such packages if needed can be collected as a lump sum or spread out over time to help meet with your financial needs. However it is very likely that severance pay will disqualify you from government unemployment benefits.
Insurance
You are within your rights to claim and receive insurance payments if you have other insurance policies that protect you from losing your job. Although these policies are separate from disability or life insurance policies, it will pay a sum of money in addition to any other redundancy pay you receive. These types of benefits allow people who are unemployed to pull together multiple sources of income to minimalize the effects of losing a job.
Unemployment Benefits
When claiming unemployment benefits, jobseeker’s allowance rules state that you must submit details of how your job was lost in order to claim benefits. There are many processes when claiming jobseekers allowance, however one of the first steps usually starts with an interview.
Interviewers will focus on factors like how the job was lost, whether through voluntary action or though misconduct. Sanctions will apply to applicants who do not provide all of the necessary information, however if all other conditions are adhered to, unemployment benefits will be given.
If you leave your job voluntarily
Without just cause, leaving your job will not entitle you to unemployment benefits. This is determined by benefits officials who will decide if your case meets the conditions of governmental benefits schemes.
Misconduct
Conditions for unemployment benefits are also strict for misconduct within the workplace. Misconduct is stated as “actions that can fairly be described as blameworthy and wrong”, meaning such actions would give an employer just causer to sack an individual. It is important to remember that being demised can be fail and not amount to misconduct.
National Insurance Credits
National Insurance credits can be paid to an individual during periods of unemployment. However strict rules apply and sanctions will be given if these rules are not followed. The maximum length of a sanction can be up to 26 weeks, where an individual can lose a portion or all of their National Insurance Credits. However the employment official dealing with your case will have a great deal of discretion, and will with personal contributing factors accordingly.
Insurance: A Guide
"Remember kids, I have life insurance" - Adam Savage
This is a guest article from Tatyana Levin
These days one must be financially savvy. Money is not easy to come by and should be managed carefully. With the availability of tools that make it easy to keep track of current events, the stock market, and even your own money, it would be almost a crime to not utilize these tools to make the best and most informed financial decisions. Unfortunately, the more there is, the more there is to keep track of. This applies both to tracking tools and money (the small curse within the comfort of having money to keep track of).
The savvier ones of us dabble in investments, and the savviest make their living that way. The key is that they know what to invest in. Not magically, of course; investors do a significant amount of research to learn how to optimize their portfolios, but they have the understanding.
A grossly overlooked investment is insurance. This may be because is not typically referred to as an investment with the exception of whole life insurance that has a specific investment component within it. Webster’s defines the word “invest” as a commitment of money for a return and “insurance” as a guarantee. This makes insurance the safest type of investment, because your returns are guaranteed. But returns are not always financial in the case of insurance. They can be, if there is an unforeseen accident, but the most certain return is the feeling of security.
Now there are many different types of insurance, and what you need depends on your current situation. Obviously you only need auto insurance, found using auto insurance leads if you have a car, and you only need renter’s insurance if you rent and have possessions that you would need insured. Insurance is for those who have something to lose. With an attachment to something, either emotional of physical (or dependence, not like physically being glued to your car), comes the fear that it will be damaged or ruined in some way. For example, if your house caught on fire, you would be devastated. What would add insult to injury is not having a way to recover from this horrible disaster.
These types of examples are not unique to this article. That is the way that insurance is sold. As they say that clichés are clichés for a reason, insurance is promoted this way for a reason. The foundation of the concept of insurance is uncertainty, and it is the same uncertainty that is conjured up when investing.
The main difference between insurance and investment is that not having insurance creates a feeling of uncertainty while investments by nature are uncertain. Therefore, investing in insurance creates security and is the only secure investment that exists (and is legal). Getting insurance should be one of the easier financial tasks if you apply all the resources available with technological advances like smart phones.
About the Author: This article was written by Tatyana Levin, a copywriter for InsuranceFiles.com
No comments:
Post a Comment