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Voluntary Redundancy - Selection process seems illogical
Our company is making several people redundant later this year but the good news is that VRs are being accepted and there are more than enough that want to go. Each person applying for VR will have their performance rated over the coming months so that they can be given a score. The company will then award VR to the…
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Has Anyone Benefitted from Redundancy?
Hi, I have always wondered if people have ended up better off as a result of a redundancy? These are stories we rarely hear but there must be some examples.
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200 REDUNDANCY
We are in the 45 day consultancy and the company have just asked those of us who are facing losing our jobs to welcome 3 new employees to our team we all do the same jobs
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Employer declining to allow Salary Sacrificing of Accrued Holiday (Redundancy)
I'm in the finalisation stages of a redundancy which has a number of monetary components eg the redundancy payment (under tax free £30k), PILON and accrued holiday. (Throughout my 12 year employment I had taken up the opportunity to use the employee benefit of salary sacrificing EE 6% contribution to gain 14% ER…
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Redundancy nightmare
My mother in law is having a nightmare with her previous employer since being made redundant. She is trying to get the CN number to claim her redundancy pay however they won't give it to her and this is now 3 months on. We have searched all over to find the company details online, however we can't find them as a registered…
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Tax on redundancy
I am due to be made redundant in June. My severance payment will be £58000 on top of my wages that month, there is no PILON or holiday pay to be added. The whole £58000 is severance payment. I have had conflicting information on how it will be taxed. The first £30k I know is free of tax but I am not sure of how the…
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Possible redundancy
The company i work for is having cash flow problems paying people late fuel cards always on stop etc. we received our P45’s this week but are still employed in the same role with a sister company name would this affect my redundancy at a later date as i have 7 years service. Also i asked my manager yesterday what it’s…
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Redundancy Looming - Shall I Give Up Work
I've had the consultation meeting and now in the 30 day consultation. I will not get much redundancy but the company I work for has to give me my pension annually as I am over 55. I am trying to work out my income without working and I can do it. I have no mortgage or debt. I know I am very lucky. However, I have struggled…
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Length of Service after being tuped
Can anyone advise what dates would be used when claiming redundancy after being Tuped over to new firm 4 years ago please? Prior to this i worked for the same company for around 20 years. I am being told that it is just from the date i tuped over to the new company but a friend was tuped over in his role and his length of…
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Redundancy Pay for less than 2 years
I've just been told my role is being made redundant due to restructuring. I'm now in consultation period ending 27th March. I complete 2 years in 20th April. And I won't be asked to server notice. Which means they will pay me 1 month notice and terminate me on 27th March. Do I stand a chance to ask for 2 years redundancy…
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Salary sacrifice instead of redundancy sacrifice to save NI
I am taking voluntary redundancy in May fairly near to the start of the next tax year and intend to retire. Perfect timing for me as I was going to retire in October anyway and get to leave with 2 years salary. I already have enough NI qualifying years to qualify for a full state pension when that time comes. I have…
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Weekly Pay Calculation for Redundancy
HMRC guidance says: Does "earned" mean the contracted salary or what is actually paid out after, for example, salary sacrifice and pension deductions? Because I am contributing quite a high portion of my salary into my pension, the actual take-home pay is comparatively low. When calculating redundancy pay, which figure…
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Sneaky....Redundancy Date....
I have been made redundant because of lack of available work.I'm 65.My start date was 14/02/2022 ..I will receive my last payment next week on 09/02/2024.How would ACAS view this please given the 2 years required for a Redundancy Payment.Previous to 14/02/2022 I worked for a year for the company with an agency.
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Redundancy Pay Advice - I Work 2 Jobs
Hi All, I've been put at risk of redundancy and wondering where I stand with redundancy pay if I were to be made redundant as I currently work two jobs; * Job 1 is full time during the day (9-5) and I've worked this job for 14 years - This is the job I'm at risk of being made redundant from * Job 2 is evening work only…
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Redundancy while pregnant: SMP paid in a lump sum, carers' allowance, tax & funded childcare hours
I have a complex set of overlapping questions about
redundancy during pregnancy, SMP and benefits, which I have not been able to find an answer to myself. Here are the details: - I’m being made redundant at the end of this
month, my final working day is 31st Jan. - I’m entitled to SMP but it will be paid in a
lump sum on…
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Redundancy - Company directors unresponsive
HI all, I, along with everyone else, was made redundant on 1st Sept 2023, since we were sent home on that day, the only correspondence we have had is a letter (made available at company premises, not even sent out to individuals) a few days later saying the company would cease trading and all employees were effectively…
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Redundancy
i have worked for the same company for 43 years, 41 years have been full time but for the last 2 has been part time , can i ask , how do they work out my redundancy pay would it be all the years on part time pay?
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PILON and new job | Tax position.
Hi all, Hoping someone with knowledge of the PAYE/Tax system can advise here. Timeline: 18th Jan - Confirmation of redundancy and last working day. PILON payment to follow. 21st Jan - Started new job with different company. 26th Jan - Previous full months pay from old job due. (Is paid 4 weekly, 2 weeks behind). 23rd Feb -…
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redundancy
hi, the company i work for is on the verge of going bust, i have worked here for 28 years, so due approx £10k in redundancy, I also have a second job. Will the second job jeopardise my redundancy payout? thanks
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Adjusted Net Income - Impact from redundancy payment
Dec Year to date employment income is £80k. I am receiving £45k redundancy/ex gratia payment in January. I understand £30k of that will be tax free, but for the purposes of Adjusted Net Income and consideration of the 60% marginal tax rate:- Will my Self Assessment show my Adjusted Net Income as (£80k+£45k) = £125k -…