-
When a companys in trouble are there any tell tail signs?
Our work has got slack now since February, management say "Oh there is work coming" but we've not seen any, and have been offered the chance to take days off if we want without pay of course, we are a manufacturing company and materials have ran out and no more has arrived, I think its going t*ts up but management keep…
-
tax on redundancy pay
I'm about to take redundancy and my employer states my compensation payment will be made on 1/4/10. This falls in the curent tax year when I am liable for 40% tax on any payment over 30K (due to earnings accrued this FY). However, if it were paid in the new FY (during which I will have minimal earnings) it would only be…
-
Is this legal??
Hi there, Long story so I will try to shorten it as much as possible. Found out in November that our office is shutting down. Was told no decision was made about our jobs. There are 3 departments based at our office, 1 department is getting made redundant and the other is moving to a different office. They are all going at…
-
redundancy help ?!?
Hi, Can anyone help me with the situation I’m in? I have been told that the logistics team that I work with will be made redundant on the 31st October 2010 due to some work being transferred to the parent company in France. The company has given me details of the redundancy package and followed procedure correctly. My…
-
Just got a letter...
Informing me that I need to meet with HR and my manager on Friday. Talking to my manager it seems that redundancy is pretty certain. This has come as a bit of a shock to be honest :( . I have worked for the company for almost 12 years (12 years on the 31st of the month). My question is how long, legally, does my company…
-
Demotion, CA or redundant after restructure?
Hi Guys Wish I had found this forum couple of months ago! I would be grateful if anyone can offer advice pls, at last attempt to try and get redundancy issue settled. Few months ago, my employers advised a restructure in my team, effectively reducing numbers from 8 to 5 wef 4.1.10. I worked 25 hours each…
-
Redundancy - can i turn down these 'suitable' alternatives?
I work for a large organisation that has offices all over. The branch i work in is closing down though. We have been told that hopefully there will be no compulsory redundancies as we shall all be transferred or redeployed. The nearest office would be a 70 mile round trip for me thats in the job that i do..however there is…
-
final meeting regarding redundancy
HI, Could you please advise? I have just received letter that i have scored the lowest against the criterias and they will meet finaly in 2 days time. (I am off on that day and they know about it).Letter says, If the deciscion will be confirmed on this meeeting, redundancy note will be issued to me. There is no info in my…
-
ReAct
Hi I am being made redundant (should be getting my 2 months notice this week) I am going to apply for the ReAct grant, they fund people that are made redundant to learn new skills to get back to work (Wales only I think) I have had one meeting with Careers Wales (they need to assist the application) but they are very slow!…
-
Is there a time limit on redundancy paynent being made?
Hi oh been told he is redundant.Yes being told! Its along mixed up story .His boss just thought he could save money that way so we are having to sort this mess out.We know his rights and have requested payment. His boss tried to make out he was shocked that he would have to pay our after 6 yrs. Anyhow we just would like to…
-
acas:best time to phone / best way to contact
hiya folks, I've phoned the 0115 number (cheers SayNoTo0870) on 8 occasions, at different times during the day and up to 8pm. Every time i get a recorded message saying that they can't even put me in the queue, and that I have to phone back. Does anyone have any advice on contact method or on a time of day when it's…
-
awarded in our favour - How can we get our money?
I hope that this is posted in the correct place. please feel free to move. My mother along with her colleague has recently been awarded £7000 (her friend £3000) at an employment tribuneral. they were dismissed without warninig and not paid redundancy money owed to them. this has taken over 12 months to conclude and has…
-
tax treatment of redundancy payment in different tax years due to grievance issue
Here's an interesting paragraph in This is Money http://www.thisismoney.co.uk/tax/ask-an-expert/article.html?in_article_id=500618&in_page_id=2 Has anyone any idea what happens if there is a grievance issue with the amount and after a long drawn out but successful appeal the second instalment is paid one or more financial…
-
Redundancy - what should I do with my old pension fund?
I was made redundant from my previous employer and I left them last month. I've already started a new full time job. I've just received a letter from my ex-employer, asking what I want to do with the pension fund that I've built up. It says that I can either let my benefits remain within the scheme, or I can transfer my…
-
Spend savings OR Borrow?
Hello, I am looking at buying into a photography franchise having being made redundant. This will cost around £15,000 and i currently have £8,000 savings. I have a car which is currently costing £345 a month (a bill i would like to eliminate) Should i use my savings to pay the £6,500 balance off my car and go to the bank…
-
Redundancy and CA
Help... I am sure this is an easy question for some tax expert I am being made redundant on 15th March and I am being offered the following. a) A redundancy payment of £18,526.88 including a statutory redundancy payment of £7,410 b) Payments and benefits in lieu of 6 months notice as follows: (1) salary: £24,602.50 (2)…
-
What to do?
Can anyone suggest the correct Course of action? Sons GF worked at a large Garden Centre ( National Name), while she was on Holiday a Concession Store was opened up within the main store and she was 'transferred' to the Concessions employ...a Co NOT connected with the main store in ANY way except paying Rent! The…
-
Should i go or should i stay?
I have worked for a bank for 30 years plus and have the opportunity of redundancy. I am single live in my own property with a very small mortgage of10k.If I leave I will receive a redundancy payment of about 50k plus I can take my pension early( a lump sum plus an annual pension of 12k)this has been reduced cos I will be…
-
Redundancy - tearful!!
OK, redundancy looks a dead cert. Need to deal with all the issues without constantly getting tearful (female - sorry braver ladies). I know this sound 'frivolous' but I need some tips on how to get a grip and deal with all this in a more matter of fact way. Every time someone asks how I am or says something in a kind or…
-
Ehanced payment minus statutory...I'm confused
Hi All, My employer has drawn up my CA for me to sign but I am confusiod about my enhanced package. It states in my contract that the enhanced package is 3x weeks per year worked which is great but in the CA the figure is say £10000 the have deducted the Statutory payment of say £2000 why? surely 3x means 3x...why deduct…
