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Redundancy & redundancy planning

Archives for January 2013

Best Redundancy Payout
Hi All, Has anyone ever received a really large redundancy payment that changed their life for the better? I mean large in terms of a lot more than expected. Just curious, maybe an interesting thread.
training & benefits
Hiya Now in notice period, jobs gone in march... my employer has offered up £750 to pay for a training course to be done after redundency... If i take them up on it, will it mean i'm then unable to claim benefits should i need to? many thanks
The Slim Clinic Franchise
Hi all I got made redundant last year and have been looking at buying a franchise. I had treatment at The Slim Clinic last year (really impressed and pleasantly surprised by the results) and noticed that there is a The Slim Clinic franchise available. Any advice on whether this is worth looking at? I don't have a lot of…
Moving jobs
I have worked for my company for the past eighteen years. The office is three miles from home. The boss is now going to open another business almost 40 miles away and I have heard on the grapevine he wants to send me there to work. I don't have transport and the extra travelling time and cost would be prohibitive for me.…
Saving for a rainy day
Hi, Been discussing with my partner this morning about planning to save for a "Rainy Day". We will have our own house, on a mortgage, and worried about if one of us gets made redundant. How much money do you all have as a back-up to cover your self? Our house will be Insured so not thinking too much about covering the…
Help for a mate
A friend of mine, 60, has been given the boot from his company after 26 years. He is a salesman/ rep and their reasoning is he is incaple of his job. He has been messed about with areas he has to cover and finds it hard to meet targets. At 60 it is not easy to find work. He has been offered a generous not 3 months basic…
MPPI Advice
Hi all, I have a joint mortgage with my wife and we've been considering whether to take out a MPPI policy as the latest rounds of shops going into administration has spooked us somewhat. I've looked into the policies available and have a few questions on whether they would actually pay out for us should the worst happen.…
Redundancy,PILON and works pension.
Hello there I am looking for some information on a worrying and difficult problem.It looks as if I am to be made redundant at the end of June 3 months short of my 55th birthday.I have worked for my current employer for almost 35years and will probably be given 6months notice at the end of June this will almost certainly be…
Unfair Dismissal - Company Won't Pay!
Hi, I'm hoping someone might be able to give me some advice regarding what I need to do next.... I was awarded a sum of money by an Employment Tribunal for unfair dismissal. The company have not paid this. They are no longer operating, but seem to still be active, and I believe an Administrative Receiver has been…
Redundancy payout, unsure what to do with it.
Hi Guys Im being made redundant shortly and think I may beable to walk into a 12 month contract straight away. Now I will be getting between £20000 - £30000 pay off and have never seen anywhere near that sort of money so I guess my questions are: 1. what are my best saving options? 2. will it be ok to hold in a current…
Retirement & holiday entitlement
I have just been asked the following question: '65 in July 2012 and been asked from employers what are my plans' What happens to the holiday entitlement for the year (April to April) Does he get a full years entitlement? Thanks
Redundancy being paid via CVA
Hello everyone, Right,.well i was made redundant a couple of weeks ago, the company is in a cva and i will be getting my redundancy through this. I understand this takes longer than normal redundancy. When made redundant, i was told, by my very shifty boss man that i MUST go and sign on immediately. I thought this was a…
Been made redundant – where can I make savings?
We are a couple with a 3 year old son, I have to make some serious cuts in our spending, can any forum users recommend where I can make some savings. We have already gone down to one car, the other is on ebay. * Mortgage £228 a month interest only * Capital repayment - £160 * No car repayments but insurance is £148 a year…
PILON, Severance, tax, emigration!
Hi There, Feel a bit guilty posting this as i'm being made redundant soon and am quite happy about it as I'm planning on emigrating to Oz. So being paid to leave is good for a change. My situation is this:- Time with employer 6 years (2.5 weeks for each year of service as severance) Notice period 6 months, will most likely…
Redundancy-should I pay my mortgage off
My Husband is about to be made redundant. We can just about manage on my wage if we don't need to pay the mortgage. Because of redundancies in the past we have always been careful with our money. We have been together nearly 25 years and have 6 years outstanding on our mortgage. We could pay the mortgage off with the money…
Support During Redunancy
Many people who are at risk, under notice or recently made redundant may not realise that there are actually free courses to support you back to work. This can be as simple as support with applying for work, CV advice etc but can actually help you gain qualifications such as SIA, CSCS, IT qualifications as well as first…
Redundancy - Unsure of entitlement
My boyfriend has been working for HMV since November 2006. If you've seen the news today you'll know that there's a very real chance he's going to be made redundant soon. We're unsure though if he's entitled to redundancy pay. When he first started working for the company he was employed as a full time loss prevention…
Help with Redundancy and notice period
Hi, This is my first post so please bear with me! My boss told me today that I am "at rick of reduncancy". I have only been in my role for 18 months so techinically not entitled to anything by law (well no money and 1 weeks notice)!!! In an email my boss outlined everything that they would give me, which basically equates…
Compromise agreement without having a grievance or dispute with employer
Hi all, this is my first ever post here, some friends suggested you guys might be able to help me so here goes(apologies in advance for the waffle) ... ! Basically i've worked for a smallish retailer for about 15 years now,mainly in a branch manager capacity which is my current role. In the last year the company changed…
Paying redundancy money into pension
I am about to get redundancy package worth about the same as my unused tax allowance for my Personal Pension over the past 3 years. I am over 55. Am I right in thinking that if I pay all my redundancy payment into my pension pot I could avoid tax and also take out up to 25% of total pension pot tax-free straight away?

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Redundancy & redundancy planning

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