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Company i work for is going into liquidation, i'll get 3 months notice, however......
Good afternoon. Thank you for taking time to read this post. I will be made redundant on 31/07/2020. I have had all the letters, and also being paid till the 31/07/2020, i am also furloughed with same company. The company is going into liquidation, we have been told there is no money available for severance. I also know i…
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Redundancy payment Vs tax year
Apologies if this is a common question but I had a look and couldn't see anything. About to become embroiled in a fight with HMRC over a historic tax issue that's complicated by a redundancy payment. Here's the scenario: I was made redundant from a role My last official day of employment was march 31st 2018. I have a…
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Redundancy - holiday pay entitlement
My holiday year runs from June to May. When we entered lockdown my company put a ban on new holiday requests but said unused holiday could be carried over to the new holiday year. I still had 4 days holiday owed and have accrued 4 more days to my redundancy date based on a pro rate of 25 days due / 12 months x 2 months…
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Redundancy Tax
I’m taking redundancy in August this year - I was previously made redundant from the same company nearly 7 years ago but returned to a completely different job / position after 15 months. Does this impact on the tax I am charged on my 2nd redundancy payment? As I understand the first £30k is tax free it has been suggested…
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Salary Sacrifice if Paid in Lieu of Notice
Grateful for the readers' advice on this - About to be made redundant i'm trying to know whether I will still get the sacrificed part of my reference salary paid into my pension (by the employer) if paid in lieu of notice - if not, I will reduce the amount that I sacrifice before notice is served, so that they need to pay…
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Redundancy - Years of service question
Hi, Please can anybody advise? I am about to start redundancy consultation with my employer. The question I have is that my contract states that I have a 3 month notice period. I have been with my company for 4 years, and my redundancy payment has been calculated according to this. However I will have my work anniversary…
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Moving to a cheaper rental accommodation before redundancy
Hi, I’m currently going through the redundancy process and have had my first consultation meeting. It’s currently looking unlikely that there will be a possible available at the end of the process. Based on this I want to move to a cheaper rental accommodation as part of reducing my outgoings. How should I approach this,…
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Redundancy and benefits
I was made redundant just before lockdown and paid 6 months notice which exhausts next month, am I entitled to any government benefits or am I expected to use my savings to live?
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Wage while on redundancy notice
i was furloughed back in march, 2nd of june i was made redundant, legally i had to be paid full wages, what i would like to know is, my hourly rate was £8.45, this is what my wage has been right up till todays wages, can they legally pay me under the minimum wage while on my 12 weeks notice?
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Tax and NI near retirement.
I plan to give up work in Nov21 when I am 65. State retirement age is 66. Never having retired before (obviously!) I was wondering about two matters Firstly if I retire 7 months into the next tax year, can I still make contributions to a personal DC pension up to the amount allowed based on only 7 months salary? Secondly…
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Hired in the UK, made redundant abroad - advice?
Hello! I'm in a tricky situation with my exit negotiations. I was hired for and worked for a company in the UK for four years, they moved me to the headquarters in Israel last year (this involved signing a new contract with the IL entity). I was made redundant two weeks ago, and they want to pay me redundancy as an IL…
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Questions in redundancy consultation
Please can anybody advise? I have just completed my first redundancy consultation and have the only role in this particular department. I asked the question if there were any other roles at risk of redundancy in other departments, but they refused to answer this - saying it does not concern me. As the consultation was…
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Furlough, notice period and salary sacrifice pension
Hi. Hoping someone can explain this to me. I've been made redundant and am being kept on furlough for the duration of my 12 week notice period. What happens about my salary sacrifice pension? My employer has not made any contributions to my pension during my furlogh period and will be topping up my furlough to 100% during…
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2 year rule for Temporary Workers causing me to lose my job!
I'm a temporary worker hired on a PAYE basis through a well-known employment agency. My contact at the same client has been running for just under 2 years and to my surprise I recently found out that the company will not extend my contract again because they are concerned about a UK law which entitles me to claim a…
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Redundancy and Child Benefit Question
Hello I just wondered if anyone can help... I was recently made redundant following mat leave. If a redundancy payment was over £50k would this mean I should opt to not claim Child Benefit. I know that the first portion of the redundancy payment was tax free but I am unsure as to how this translates into claiming child…
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Redundancy and SMP lump sum
Has anyone had their statutory maternity paid as a lump sum along with redundancy pay? Trying to work out how much national insurance I will be paying on total of ahout 8k??
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Advice desperately needed
Good evening, I hope someone can help me, basically I was on holiday this week and had a message to call my manager which I did, he asked if I would be interested in voluntary redundancy, I said no straight away as knew I would only be entitled to approx 10,000, however various other members of staff messaged me and were…
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Sick during notice period
Hi, I’m currently furloughed and getting made redundant. I will have to go back to work to work 5 weeks notice, however I suffer from depression and face going back for the 6 weeks, am I allowed to go sick and would I be entitled to full pay as usually if I’m off sick I only get SSP.
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Job at risk!
When an employer makes a managers position redundant can that same manger be offered an alternative lower position within the company at the expense of another employee being made redundant, even if that employee’s position hasn’t been made redundant?
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Employer trying to change my notice period for redundancy payment, advice pls??!!
I have been employed since 2013 but unfortunately have now been made redundant. In December 2019 I signed a new contract as I was promoted. In this contract it states the following at the beginning “Under the Employment Rights Act your period of continuous employment commenced on the date you join the company, namely 5th…
