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Redundancy

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redarrow Redundancy – the law
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redarrow Redundancy – What am I entitled to?
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Redundancy – What am I entitled to?

Redundancy payment

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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Notice period

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.

 


IAMBEINGFIRED Disclaimer
The site author/owner has endeavoured to give clear information to benefit the reader. The information is no substitute for obtaining specific advice about any claim you may have from a person qualified to give it. The examples, and circumstances described etc bear no relation to any actual case and any resemblance to real circumstances is purely accidental and unintentional. The site author/owner accepts no liability for any mistake, error or inconsistency in the text and the reader should ALWAYS OBTAIN specific advice about his/her own situation. In order to assist the reader, you can give your details so that a qualified advisor can call you free of charge and assist you further via CLAIM EVALUATOR