I’ve had a request:
Please send your checklist as it now stands of things to do to prepare for redundancy.
I know you’ve already done some of the stuff on there and that there are things to add which will be specific to me, but I’d be grateful!
But alas most of it has been erased because that’s how I work; to reconstitute it from memory will be hard, so I’m posting this to the world in order to solicit feedback/ideas and stuff I’ve missed.
So far, what I can remember doing / planning to do, is:
1) mail your manager to get confirmation that you are being RIFed – a 1-liner will suffice
2) if you want to keep your cellphone number, forward your manager’s confirmation to the “mobilephones@” alias, along with your cellphone number; this will get you a PAC code so you can take your number elsewhere
3) contact your healthcare provider (BMI, BUPA, whoever) and talk about carrying your existing policy forward into a private one; this will save you the cost of a medical check for future health insurance, because they roll your existing coverage forwards rather than treating it as a new enquiry.
4) visit hrweb/hewitt and print out *everything* pertinent to you. PDF copies also make sense, but check for page-orientation issues.
5) visit the stockoptions website and print out *everything* pertinent to you. PDF copies also make sense, but check for page-orientation issues.
6) get a good independent financial adviser; you will need pension statements (both kinds, if you have the contracted-out as well as the corporate pension) and throw all the above paperwork at them.
7) tell the inland revenue as soon as everything is confirmed. tell them you will be unemployed from whatever date, etc. tell them if you intend to work again, and if so, how soon. ask them to issue a new tax code on that date. do not mess around with this else you will get laid-off in august and they will expect you to keep paying taxes as-per your tax code until April, and then ding you next year for a lot of money they expected but never got. eventually they might let you have some of it back.
Your mileage may vary, I am not a professional, there may be many other things I have missed.
Anyone else got any good ideas? Stuff that I’ve missed? Pleas add as comments to this posting…
Leave a Reply