How much is statutory redundancy in the UK?
Being made redundant after 4 years
Answers:
i think it's a weeks wage for every year you've been there.
I don't think there is a statutory amount, I believe it's all relative to how long you've worked for the company, how much the company is worth etc, etc.
Don't quote me though
I got made redundant in June and the booklet I got from www.insolvency.gov.uk says its a maximum of £290 a week multiplied by a figure calculated from your age and length of service. I have the list if you get stuck, email me with your age etc and i'll see what it says : )
one weeks pay for each year, up to a maximum of eight weeks but special rules apply for anyone over 50
its a weeks wage for every year you have been there after 2 years continuous employment, i was made redundant last year.
not enough probably
A week's pay for every year,a week and a half if your over 40.You have to have 2 years in a job to qualify.A lot of firms have a more generous redundancy scheme.Hope this helps.
Depends on your salary at the time of being hoofed out.
You should get a full months money for 4 years, any more is a bonus.
Next job you're in, head straight for the stationary cupboard and empty it to get even.
Remember, jobs for life don't exist. Always be on the lookout for a physical move and a step up, possibly with your employers competition.
One month per year of service.
check this site out, its from the dept of trade and industry and sets out all the rules on redundancy
http://www.dti.gov.uk/employment/employm.
hope this helps you out a bit
One weeks pay for every year you have worked there, plus any outstanding holiday pay. If you are aged over 45 it is 1.5 weeks pay for every year. Unless they have given you notice, you would be entitled to one months pay in lieu of notice too.
I was faced with redundancy earlier in the year too. Hopefully these links should help (although they're not all answering the question you asked).
This may be interesting regarding notice period:
http://www.compactlaw.co.uk/free_legal_i.
and here:
http://www.direct.gov.uk/employment/empl.
Basically the statutory notice period is 1 week for each worked up to a
maximum of 12-weeks (for continuous service over 2-years).
Also, Payment in Lieu of Notice (PILON) must include benefits such as
holiday entitlements:
http://www.businesslink.gov.uk/bdotg/act.
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Answers:
i think it's a weeks wage for every year you've been there.
I don't think there is a statutory amount, I believe it's all relative to how long you've worked for the company, how much the company is worth etc, etc.
Don't quote me though
I got made redundant in June and the booklet I got from www.insolvency.gov.uk says its a maximum of £290 a week multiplied by a figure calculated from your age and length of service. I have the list if you get stuck, email me with your age etc and i'll see what it says : )
one weeks pay for each year, up to a maximum of eight weeks but special rules apply for anyone over 50
its a weeks wage for every year you have been there after 2 years continuous employment, i was made redundant last year.
not enough probably
A week's pay for every year,a week and a half if your over 40.You have to have 2 years in a job to qualify.A lot of firms have a more generous redundancy scheme.Hope this helps.
Depends on your salary at the time of being hoofed out.
You should get a full months money for 4 years, any more is a bonus.
Next job you're in, head straight for the stationary cupboard and empty it to get even.
Remember, jobs for life don't exist. Always be on the lookout for a physical move and a step up, possibly with your employers competition.
One month per year of service.
check this site out, its from the dept of trade and industry and sets out all the rules on redundancy
http://www.dti.gov.uk/employment/employm.
hope this helps you out a bit
One weeks pay for every year you have worked there, plus any outstanding holiday pay. If you are aged over 45 it is 1.5 weeks pay for every year. Unless they have given you notice, you would be entitled to one months pay in lieu of notice too.
I was faced with redundancy earlier in the year too. Hopefully these links should help (although they're not all answering the question you asked).
This may be interesting regarding notice period:
http://www.compactlaw.co.uk/free_legal_i.
and here:
http://www.direct.gov.uk/employment/empl.
Basically the statutory notice period is 1 week for each worked up to a
maximum of 12-weeks (for continuous service over 2-years).
Also, Payment in Lieu of Notice (PILON) must include benefits such as
holiday entitlements:
http://www.businesslink.gov.uk/bdotg/act.
The answers post by the user, for information only, UKQnA.com does not guarantee the right.