Moneynet offers tax free cushion

Personal finance web site has launched a scheme which offers all UK workers a tax free financial cushion of up to £60,000 if they lose their job as a result of redundancy, as well as an exclusive &#39back-to-work&#39 assistance package.

The policy provides cover for all lifestyle expenses such as socialising, and clothing together with the more mundane items such as cost of travel to interviews, rent or a mortgage payment.

In addition, all claimants can take advantage of the &#39back to work&#39 service that will assist in securing the right job and not just the first job that comes along.

Managing director of moneynet, Richard Brown, comments: “In the current economic climate, there is no such thing as a job for life. Accordingly, we have negotiated a product that is both attractively priced and uniquely positioned to enable those currently in work to have peace of mind at an affordable cost.”