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Redundancy & suitable alternative employment query
I have worked for more than two years in my current role, and I am in the consultation period (121 meetings as low number of is) I have been asked what I have done about job hunting. I asked politely what benefit it would do for me to share e.g. would I receive support, but I was told the onus was on me so I diverted from…
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reemployment
I was made redundant from my full-time job just over 6 months ago. Now a different part of my employer is asking if I will go back. I am happy to (but part time only, as I am enjoying 'retirement'!). Are there tax implication on me?
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Redundancy - No P45
I was made redundant in May '24 when the company at which I worked went in to voluntary insolvency. I have received the redundancy payment however I was not issued a P45. I am now a company director of a limited company and my accountants are asking for my P45 to submit as part of my Self Assessment Tax Return, due to be…
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Sick pay during redundancy notice period
If somebody qualifies for only statutory sick pay normally, is the same applicable during the redundancy notice period set by the employer or is the employee entitled to full normal pay. Some mixed opinions in the workplace on the matter
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Redundancy - Less that a year of employment - Pension withdrawal
I have been told that I and the rest of my co-workers are being made redundant. I have been with the company 9 months tomorrow. They have given me two months notice and I am aware I don't get any redundancy as I've been here under two years. But my query is my pension. I have been in it since the first contribution in…
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Where is best to stash my redundancy money?
I'm being made redundant and will have an £18k payout. I want to keep this as 'emergency fund', hopefully for many years as currently I know I will be able to cope OK without it. Where would be the best place to invest it? I hope to not touch it but need to be able to release it or part of it if I really need money. I'm…
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Redundancy Concerns – Seeking Advice
I received my delayed appraisal grade from last year and I was given the lowest rating. Although arguably subjective, I am convinced that the rating is unfair. For example, I demonstrably made my SMART objectives, and I believe I also met the less well-defined ones. I questioned why the perception of my performance had…
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SRP 12 Week Reference Period (for average pay calc). What you were paid? Or what you worked?
Hi all I'm trying to wrap my head around various aspects of my statutory redundancy and there's one bit that I can't get an answer on. My shifts and pay vary, so I understand a 12 week reference period will be determined, and the earnings from that period used to calculate an average. What I don't know is whether the 12…
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Extending provisional redundancy date
I’ve been searching about ‘provisional redundancy’ and how
it works in terms of the step between provisional and formal notice, and the time in
between, as a date I was given last August is now being changed. Briefest summary I could write: Our office is being closed down, and I am on a team where we
are all being made…
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Redundancy lump sum tax brackets and reclaim?
Hi all. hoping anyone would have knowledge and also to help explain to others as a lot of threads seems over complicated in explaining. I was made redundant in Nov and was given pilon - paid in lieu- a lump some of 3 months salary. I’m in the 40% bracket and a normal months pay would be subject to 3 elements. a tax free, a…
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Cuts been made for my charity job. Redundancy talks.
I currently work for a small charity in Scotland as an administrator and I have been for just shy of two years - it will be two years in June. Our charity runs on funding to support the work we do which is working with children/young people and their families through therapeutic work. We assist families who have gone…
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Unpaid Statutory Notice Pay: Do I need to apply for Universal Credit?
Hi all, I've recently been made redundant and have made my first application to The Insolvency Service for my unpaid wages, redundancy and holiday pay. I'm now waiting to be able to apply for the second application to claim my unpaid statutory notice pay. I don't currently have a job, and I'm not expecting to have one in…
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Pregnant and screwed !
I'm currently 32 weeks pregnant and have been made redundant. My payout will be April, the first month of the new financial year. As part of the payout I will receive… * Statutory redundancy payout (tax free) * 1 month notice period * Statutory maternity pay * 3 x full months salary (as part of an enhanced package) * 30…
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Redundancy calculations with 2 contracts. Which start date?
Can anyone help with how a redundancy settlement would likely be calculated in this situation please? Is there a 'cut and dried' answer, or is it open to interpretation and worth arguing for? Local government with a reckonable (continuous) service date of 2008 under the Modification Order. Start date with the current…
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Redundancy question, was it fair??
Back in 2020, the company that i worked for announced our store was closing due to non profits and i was elected by my fellow colleagues to mitigate the redundancies. It is worth noting that the branch opened in August 2015 and most staff started their contracts during training in July 2015, mostly managers and team…
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Paid off today. Mortgage payments interest only?
Hi folks, Looking for advice. Ive just been paid off today effecrive immediately and i am wondering if i should ask my lender (Halifax) to move my payments to interest only. I believe i can do this for 6 months? Is this correct and are there any implications for my credit history? I have savings to cover me for a while but…
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Statutory Redundancy Queries - PA Care Worker (Direct Payments) where employer has died
Hi all I wondered if anyone has any general advice about what happens when an employer dies. I am a PA Carer. In case anyone is unfamiliar, the person I care(d) for is my employer, but the funds come from the LA at the council, who also deal with payroll and admin. EDIT: The original post was longer with several questions.…
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Redundant , Pregnant and Government Nursery Funding
Posting for my daughter…. I’ve just been made redundant at work (was 25 weeks when received the news). I’ve had it agreed that I can work up to my due date, and that I will receive the full maternity package ( including enhanced) which has made things less stressful financially. My 1.5 year old is in nursery 2 days a week,…
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NI on redundancy payment over £30K
Hi all, I will be made redundant end of June , but my final payment + redundacy payment will be the middle of the month, so b4 I get my p45 Iv'e not been told my final payment yet, but normally, will i have to pay NI payments on my redundacy payment over the tax free £30k ?? Thanks
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Redundancy Rules
A friend aged 63 is about to be
made redundant. She has worked for the same company doing the same job for 2
years. When she started employment there, she was on a six months contract, they
then gave her another 6 months contract then made her role permanent. She has
had no breaks between contracts or being made permanent.…
