NUMBER OF VACANCIES IN THE UK ( Seasonally adjusted , June to August 2001 and June to August 2020 )
Your portfolio 26 / 27
If the worst comes to the worst and you do lose your job , your first step should be to check what benefits you are entitled to
mortgage payment protection insurance ( MPPI ) will typically cover mortgage repayments in the event of redundancy for up to 12 months . “ Payment protection insurance [ PPI ] or accident , sickness and unemployment cover [ ASU ] will also typically cover you if you are made redundant and will aim to cover a percentage of your income or cover a loan repayment for 12 to 24 months ,” he adds .
But Lowcock warns that you need to pay close attention to the terms of these plans . “ Many won ’ t pay out in the first six months and if you know you ’ re being made redundant , then the protected one isn ’ t covered anyway ,” he says . “ But if you have a general concern , just because the economy is in such a state and because of the damage done by lockdowns , that could be something you could consider . But
NUMBER OF VACANCIES IN THE UK ( Seasonally adjusted , June to August 2001 and June to August 2020 )
900 800
Thousands
700 600 500 400
300 |
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Source : The ONS |
Jun-Aug04 |
Jun-Aug08 |
Jun-Aug12 |
Jun-Aug16 |
Jun-Aug20 |
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