Main site > MoneySavingExpert.com Forums > Work & Benefits > Redundancy & Redundancy Planning > When should I receive redundancy pay? (Page 1)

IMPORTANT! This is MoneySavingExpert's open forum - anyone can post

Please exercise caution & report any spam, illegal, offensive, racist, libellous post to forumteam@moneysavingexpert.com

  • Be nice to all MoneySavers
  • All the best tips go in the MoneySavingExpert weekly email

    Plus all the new guides, deals & loopholes

  • No spam/referral links
or Login with Facebook
When should I receive redundancy pay?
Closed Thread
Views: 17,165
Thread Tools Search this Thread Display Modes
# 1
Jorgan
Old 12-01-2009, 2:24 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Nov 2005
Posts: 2,240
Default When should I receive redundancy pay?

I was made redundant earlier this year but have yet to receive any payment, the company is still trading. When should I receive my redundancy pay and payment in lieu of notice? Some people tell me I should have received it on my last day, others say its payable whenever the next pay day is. Can anybody clarify this for me?
Jorgan is offline
Report Post
The Following User Says Thank You to Jorgan For This Useful Post: Show me >>
# 2
kwikbreaks
Old 12-01-2009, 2:25 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Sep 2006
Location: Usually on planet Earth
Posts: 6,646
Default

I imagine it should be in your final pay packet.

When my job was made redundant some years back mine was.

Sorry to be pedantic - people are not made redundant - jobs are.
kwikbreaks is online now
Report Post
# 3
Really2
Old 12-01-2009, 2:30 PM
Deliciously Dedicated Diehard MoneySaving Devotee
 
Join Date: Nov 2008
Posts: 11,887
Default

Quote:
Originally Posted by kwikbreaks View Post
I imagine it should be in your final pay packet.

When my job was made redundant some years back mine was.

Sorry to be pedantic - people are not made redundant - jobs are.
Did he say anything about that? People are made redundant when a position is made redundant fool. Do you know what the term redundant means?

Sorry for his rudnes he is one of the resident fools on the Housprice board.

But he is right if the company is still runing it should be in your final wage packet.

Last edited by Really2; 12-01-2009 at 2:34 PM.
Really2 is offline
Report Post
The Following User Says Thank You to Really2 For This Useful Post: Show me >>
# 4
PasturesNew
Old 12-01-2009, 3:38 PM
Deliciously Dedicated Diehard MoneySaving Devotee
 
Join Date: Jul 2007
Location: SW UK
Posts: 48,833
Default

I would expect all redundancy money to have been paid out with my last payslip and P45.

Have you received your P45?
PasturesNew is online now
Report Post
The Following User Says Thank You to PasturesNew For This Useful Post: Show me >>
# 5
Jorgan
Old 12-01-2009, 4:38 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Nov 2005
Posts: 2,240
Default

Quote:
Originally Posted by PasturesNew View Post
I would expect all redundancy money to have been paid out with my last payslip and P45.

Have you received your P45?
No, not yet.
Jorgan is offline
Report Post
The Following User Says Thank You to Jorgan For This Useful Post: Show me >>
# 6
PasturesNew
Old 12-01-2009, 5:59 PM
Deliciously Dedicated Diehard MoneySaving Devotee
 
Join Date: Jul 2007
Location: SW UK
Posts: 48,833
Default

Quote:
Originally Posted by Jorgan View Post
No, not yet.
You say "earlier this year" and it's now the 11th day of the year, so if you mean "last week", then I'd expect it all to happen on the normal next pay date. So, if you were paid monthly, it'd be at the end of January.
PasturesNew is online now
Report Post
# 7
scottn
Old 12-01-2009, 6:00 PM
MoneySaving Convert
 
Join Date: May 2007
Posts: 165
Default

are you paid monthly or weekly?

if an employee leaves through redundancy mid month, it would be standard pratice to receive payment either on their leaving date or on the next normal salary run - e.g. the end of that month. It will depend on company practice. What was said during your consultation?
scottn is offline
Report Post
# 8
LisaLou1982
Old 12-01-2009, 7:06 PM
Serious MoneySaving Fan
 
Join Date: Oct 2008
Location: somewhere not too far from here.
Posts: 1,119
Default

Hiya

Normally this is paid the month after your last pay check. - sometimes by cheque although other times by bacs.
MFW! Sept10 136000! Jan14 121,000
2 Savers Club #156!
A month long trip to India booked! 27th Sept-25th Oct 2014
LisaLou1982 is offline
Report Post
# 9
Tim Whalley
Old 12-01-2009, 8:15 PM
MoneySaving Newbie
 
Join Date: Aug 2008
Location: Manchester
Posts: 4
Thumbs up

Hi
Firsty post on here i would just like to share my experiance with you all.
Made redundant on 1-10-08 after 20 years sevice no payout as firm ceased trading.I was 48 at the time
You only have 6 months to sort the money out.
If your employer is paying you you should get it within a few weeks but make sure you mither them.
If no joy you must send them recorded letter telling them what you are entitled to ie Notice, Holiday pay, Redundancy the citizens advice will work it out if you struggle give them 14 days to reply then write again if no reply within 30 days you can take them to Industrial Tribunal I did and won

TODAY 11.00pm AWARDED 7500 REDUNDANCY FROM NATIONAL FUND PLUS ANOTHER 5000 IF THE COMPANY FOLDS IN THE NEAR FUTURE
Tim Whalley is offline
Report Post
# 10
adr0ck
Old 13-01-2009, 10:27 AM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Oct 2004
Posts: 2,286
Default

does anyone actually know the legal time limits then?
adr0ck is offline
Report Post
# 11
lizzie dripping
Old 13-01-2009, 10:43 AM
MoneySaving Stalwart
 
Join Date: Dec 2006
Posts: 381
Default

My OH was told his redundancy payment would be within 28 days of leaving the company and his enhanced redundancy within 28 days of receiving a signed compromise agreement.

Does your confirmation letter have any details on it?
lizzie dripping is offline
Report Post
# 12
dolphin1953
Old 13-01-2009, 2:35 PM
MoneySaving Newbie
 
Join Date: Jan 2009
Posts: 6
Default

Hi I was made redundant on 31st Dec last year, I got my normal pay on 23rd Dec and received my redundancy cheque today, I received a letter from the company telling me when I would get my payment ie within the first 10 days of January.
dolphin1953 is offline
Report Post
# 13
c6h4m1
Old 15-01-2009, 4:13 PM
MoneySaving Convert
 
Join Date: Sep 2008
Posts: 94
Default

I'm querying this too as I've been told I'll get my final pay 2 weeks after I leave, then won't receive my redundancy pay for another 4 weeks after that. Therefore I'm going to have 10 days pay at the end of April, and will have to survive on that for a further month. Surely this is an excessive time for the company to take to calculate my pay? I could do it on the back of a cigarette packet in 5 minutes (or I could if I smoked )!

I suppose it will help my diet though as I won't have any money for food
c6h4m1 is offline
Report Post
# 14
Joannef
Old 15-01-2009, 5:39 PM
MoneySaving Stalwart
 
Join Date: Sep 2006
Posts: 342
Default

I spoke to ACAS about this today. They told me you should be paid on your last day unless you and your employer mutually agree another date or if it says differently in your employer's handbook.
Joannef is offline
Report Post
The Following User Says Thank You to Joannef For This Useful Post: Show me >>
# 15
c6h4m1
Old 15-01-2009, 7:21 PM
MoneySaving Convert
 
Join Date: Sep 2008
Posts: 94
Default

Thanks, I will get in touch with ACAS next week then.
c6h4m1 is offline
Report Post
Closed Thread

Bookmarks
 
 




Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

 Forum Jump  

Contact Us - MoneySavingExpert.com - Archive - Privacy Statement - Top

Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

All times are GMT +1. The time now is 7:06 PM.

 Forum Jump  

Free MoneySaving Email

Top deals: Week of 15 October 2014

Get all this & more in MoneySavingExpert's weekly email full of guides, vouchers and Deals

GET THIS FREE WEEKLY EMAIL Full of deals, guides & it's spam free

Latest News & Blogs

Martin's Twitter Feed

profile

Cheap Travel Money

Find the best online rate for holiday cash with MSE's TravelMoneyMax.

Find the best online rate for your holiday cash with MoneySavingExpert's TravelMoneyMax.

TuneChecker Top Albums

  • ED SHEERANX (DELUXE EDITION)
  • ELLA HENDERSONCHAPTER ONE (DELUXE VERSION)
  • VARIOUS ARTISTSKEEP CALM & CHILLOUT

MSE's Twitter Feed

profile
Always remember anyone can post on the MSE forums, so it can be very different from our opinion.
We use Skimlinks and other affiliated links in some of our boards, for some of our users.