Hello cbarcl and welcome to the trust deed forum.

I'm sorry to hear that you and your husband are facing his redundancy.

A similar question has come up a number of times on this website previously. The experts here (each of them works for a different trust deed company) have broadly answered as follows.

There are two types of (or elements to a) redundancy payment:

The first is the statutory element of the payment. This is the amount that your husband is entitled to under law if he is made redundant. You should be allowed to keep this to live on pending your husband finding new work.

The second is any additional amount paid to your husband as a result of negotiation, at the discretion of his employer, or due to beneficial clauses in his contract. This would normally be paid into the protected trust deed to help repay his creditors.

I understand this to be the position but the experts will advise further if required.