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Redundancy & redundancy planning
Archives for June 2014
Discussion List
Employer wants to conduct liquidation themselves
I am in a situation where I have been employed by a company for many years and unfortunately the organisation has hit financial problems. I am owed a large amount of money in unpaid salary (there are also other employees that are also owed money). The company doesn't have sufficient cash (or have sufficient assets) to pay…
Redundancy/income protection insurance
Hi to everyone, this is my first post on this great site :beer: I have been employed for over 12 months now with the same employer and I'm thinking of taking out a policy that would protect my income if I were to be made redundant some time in future. I'm not aware of any impending redundancies but I'm not naive enough to…
Ex-employer refusing to give names of company liquidators
A company I used to work for has been liquidated while owing me money. The company/boss (which still exists in another form, a phoenix company if you ask me) is refusing to give me details of who the liquidators are so that I can put in a claim for the money I am owed. So how on earth am I supposed to find out who the…
Redundancy whilst on sick leave
I work for a small company, and one of my colleagues has been off sick for the past 7 months. He is employed 1 day a week (he works at other jobs, but is off from them on sick leave also). We are all picking up his tasks....and amazingly coping very well without him! We all like him and get on well, but our general…
Sole trader runs two disparate businesses: a puzzle!
In one he employs women in shop work, in the other men in transport. Neither business has any form of interaction with the other. He's decided to close the shop due to falling takings and pay off the staff. At the same time the transport business is doing well and new qualified staff (drivers with HGV licences) are being…
Potential Redundancy - Query
Our boss has recently resigned. Its highly likely they will not replace him and instead the department we work for will be taken over by a sister company (its already happened with another team). That sister company is not local and has its own admin staff, so we would no longer be required. Our query is if our current…
Redundancy enquiry
I'm employed by Royal Mail and in my particular area they're looking at reducing staff numbers. I've just received an information pack from them listing the various options, one of which is to take voluntary redundancy and they have provided me with an estimate of my redundancy payment. This estimate equates to 26 weeks…
Made redundant
Hi Apologies for the length of this post! Recently been told my job role is redundant. Currently in the consultation period, which ends July 1st, then my 12 weeks notice starts. I have had my one to one meeting. I have been employed 20 years and had a good career, I am devastated to lose my job. On Friday I went to the…
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MSE News
Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.
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