Making myself redundant?

[NotAllThere]

... They said only way was to close company...

They were wrong.

[diesel]

They were wrong.

so what is the options?

[FarmerPalmer]

I was made redundant 18 months ago from a permanent job and got my P45.

I still had my limited company sitting idle, and I was still director of that company.

The question of directorship was never asked at the job centre.

I signed on to get my stamp payed whilst I looked for a contract, and they decided to pay he JSA as well.

1 month later I got a gig, and wrote to them telling them that I was now employed. They sent me my P45 with JSA applied and I started being employed by my limited company again.

So I can't see any problem with you becoming redundant from your limited company - after all it can't afford to pay you - and then the company taking you back on when things pick up.

[Andy2]

I was made redundant 18 months ago from a permanent job and got my P45.

I still had my limited company sitting idle, and I was still director of that company.

The question of directorship was never asked at the job centre.

I signed on to get my stamp payed whilst I looked for a contract, and they decided to pay he JSA as well.

1 month later I got a gig, and wrote to them telling them that I was now employed. They sent me my P45 with JSA applied and I started being employed by my limited company again.

So I can't see any problem with you becoming redundant from your limited company - after all it can't afford to pay you - and then the company taking you back on when things pick up.

Do you have to stop paying yourself salay and dividends during the period you claim JSA ?

[FarmerPalmer]

Do you have to stop paying yourself salay and dividends during the period you claim JSA ?

if you pay yourself salary then you are employed - so yes

however dividends are investment income. but they would take all income into account when determining amounts payable to you. so probably best not.

If your company can afford to pay you then why not stay employed and spend time developing marketable products that your company can sell ... windows mobile / iphone apps / games, platform independent protocol stacks etc - small development time, and mass market appeal.

[A Good Man]

Just an opinion....

I was out of contract for a year 6 years ago. I made the co. dormant and strolled down the job centre not expecting anything from the staff - and that's exactly what I got!

In my day, you couldn't claim if you had over £8K in savings. In my case, the staff were poorly educated, poorly trained and poorly motivated. So I just told them what they wanted to hear and they didn't bother me over the JSA. So, keep the information you tell them to a minimum! Make sure you claim as it will count towards your state pension.

When it came to finding me a job they said "You are better off finding your own" and didn't help at all, but when I found a contract they wanted me to say they'd found it for me so that they could fiddle their own stats!! THey were delighted when I agreed and even bought me a coffee.