Lots of advice is available for coping with your personal finances
If you have worked continuously for the same employer for two years or more, you are likely to be entitled to statutory redundancy pay.
The first £30,000 of redundancy pay is tax-free but the rest, including unpaid wages and bonuses, may be taxed.
Check out what happens when
your employer goes into administration.
There are also complicated rules for employers on income tax surrounding redundancy payments.
If you are being made redundant, there are
tips on negotiating redundancy payments
available from the TUC.
Employers can read
on the tax pitfalls of redundancy.
advice and training
available from the conciliation service Acas.
Those in Northern Ireland can get free advice on employment rights from the
Labour Relations Agency
And if you are given notice of redundancy, you are entitled to some paid time off to look for a new job - provided that, by the time your period of notice ends, you have been with the employer for two years.
You can keep up-to-date with
the latest news and guides on life at work
by looking at the BBC News website's dedicated section to employment issues. There is also a special report about
women in the workplace