I currently pay £40.00 per month for redundancy cover/Income protection policy which will pay me a fixed amount of money for 12 months if I am made redundant.
Will this be allowed when the OR reviews my case?
I currently work for the local Council and I know that there will be redundancies towards the end of the year and I am a little reluctant to stop this policy incase I lose my job later in the year.
Chances are the OR won't allow this as one of your expenditures however there is nothing stopping you paying this out of any disposable income you have.