Redundancy – What am I entitled
An employee is entitled to statutory redundancy
when they obtain two years service. For a quick and easy guide
to the calculation of how many weeks redundancy pay you are
entitled to, I refer you to our redundancy calculator (link
to it) which is attached to this website.
When making this calculation, only complete
years count. There is a ceiling on the level of pay that you
can claim per year which is currently at £270.00. If
you received less than £270.00 gross per week, then
that is your ceiling for the calculation. Those under 18 and
over 65 cannot make a claim for a redundancy payment. Employee’s
under 21 and at the age of 64 have reduced levels of payment
as indicated in the guide.
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Apart from the redundancy payment, you are
also entitled to notice. Statutory notice is one week for
every completed year of service up to a maximum of 12. The
time for your notice runs from the date that you are given
notice of your termination on the grounds of redundancy. You
can be required to work your notice that is of course if the
Company is continuing to trade. You can end up working some
of your notice but not all of it, dependant upon what your
employer wants, or the employer can if they wish, pay you
in lieu of notice.
Like any other termination, you are also
entitled to any outstanding holiday pay and wages.