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Settlement Agreement Query- follow up
Following on from my previous post on the Voluntary Redundancy application, I finally received the settlement agreement confirming that the application was accepted. It refers to enhanced compensation. In looking at the agreement however, I noticed something not quite right. Company seemed to have used the ACAS template.…
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Sham redundancy
I would be grateful for your advice on the following situation. ACAS have been great at providing general advice but not answers to specific questions. My friend hasn't been a member of a TU long enough to be eligible for their help. My friend works in a reputable college providing learning support for students with…
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Redundant from today question
So today i was made redundant the company i work for has gone into administration. I am 37 and have worked there 7 years so i will get 7 years redundancy. The administrators have told us we will get notice pay after the notice period if i don’t find another job. They have told us all to apply for jobseekers but i have…
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PILON & pension payments
I’m leaving my employer of 20+ years under a settlement agreement. I’m getting 12 weeks PILON which is obviously taxable, as well as my settlement which is tax free up to £30k. I’ve asked my employer if I can pay some of the PILON into my pension and they’ve said they don’t offer this option. My question is, can they point…
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Redundancy
Can anyone advise?? Back in August we at Homebase were told that Sainsbury’s were buying our store. So we have gone thru all the redundancy process, had our figures on what we are now getting, to be now told yesterday that Homebase is in administration and that we have to apply to the government for our statutory…
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Forced Relocation
Hi, So 3.5 years ago I started my current role for a big online retailer. My contract stats my work location as one of their warehouses, I'm in a finance role and support that specific warehouse. I've been doing well and had a promotion in that time, been rated as a high achiever in performance reviews and was eyeing/on…
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At risk!!?
Just found out Monday that my job is at risk, I work for a small charity and understand the difficulties with money. BUT… there are three jobs at risk all of which are females, the email regarding why was to reduce costs but be able to continue with the work we do but the jobs at risk are 2x delivery of the work and one of…
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Query on Redundancy and PILON
Hello, I have a query whether the Redundancy Package does include possible PILON or they are two separate issues. So in my case. I have been offered VR with a so called "enhanced voluntary package", which I applied for. If accepted I will get served notice on 6th January and contractually it is 3 months. So that is 5th…
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Where does redundancy/severance pay show up on a payslip? Tax and NI implications
Hi there. I am due to receive a redundancy payment at the end of December. I want to maximise my additional pension contributions, minimise my tax and NI, and retain all of the £30k tax free element as cash. How do I do this? Basically, I'm not sure where the redundancy pay shows up on a payslip? It is on the gross (left…
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Unpaid leave instead of redundancy
I have worked for my employer for 20+ years. Recently however we have struggled to win contracts and my employer is talking about reducing my hours further from my currently very part time ones or my taking unpaid leave until we win more work. I would however prefer that I was just made redundant, I would only get the…
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Employer gone into administration
Hi all i have been made redundant on Friday as my employer has filed for administration we have got to go in tomorrow for information packs from the administrators. I have been there 7 years so will obviously get 7 weeks pay as i am 37. I am just wondering will we all get notice pay as well? Never been in this position…
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Settlement Agreement Advice
Hello, I'm looking for some advice regarding a Settlement Agreement offer that has come completely out of the blue (not me, but let's just say a very very close member of family with the outcome significantly affecting me as well). The threat was, accept the settlement agreement by X date or we will put you on a…
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Outstanding Annual Leave to be included in redundancy notice period payment?
Hello all. I have recently been made redundant and as part of that I was to be paid my 8 weeks notice period. I have also been told that I have to take my outstanding annual leave of 14 days as part of that time - is this correct? I may be wrong but I feel that this means that I would be paying for three weeks of my notice…
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Confused around PILON and pension
We are being made redundant. Final september pay will be made up of redundancy pay, PILON, a 2% bonus, unused prorated holiday pay and a lump sum representing September, October and November pay. (our contracted end date was originally end of Nov its been bought forward to end of Sept, but we still get the salary for sept…
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Benefits after redundancy
I took a settlement agreement from work and am a bit confused what to do in terms of benefits. I have less than 6k savings, including the settlement, so I am thinking claiming JSA would be a good idea. What am I applying for? Is it universal credit?
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Termination through ill health and redundancy
My hubby works for a USA owned company in the UK. Only 4 employees (including him). His health has declined rapidly over the last year. Adaptations have been made but the doctor has now said he will never be able to work anywhere and signed him off for 6 months. He will give him more sick notes if he needs them. We told…
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Re-hire after Termination
Hi All, I was recently terminated by my employer due to redundancy, the enhanced payment is due to be paid at the end of the notice period which is on Monday. In February I applied and interviewed for an alternative role but heard nothing back. Today I received a call to advise that I was the preferred candidate and the…
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Redundancy settlement and PILON
Hi all really looking for some guidance here as can’t get my head around my situation. offered an ex gratia/enhanced redundancy package today by my employer. been here 11 years currently on basic salary of £46500 per year with an additional £400 per month car allowance to add on. i have been offered - 11 weeks notice paid…
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Retiring after redundancy - contact HMRC?
Hi. I've searched but still not clear. this makes sense. Background -I'm 67 and I've been a 40% tax payer for a long time now. Reduced my working week to four days a week in January to ease off before retirement.Salary now is £44400 plus £4320 car allowance per annum. I was planning to work until I was 70 when my wife, who…
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Employer NI Contributions and State Pension contributions
Hi - If redundancy payments are received on termination, I understand the £30k is tax free. Above this, tax is payable but NI contributions are not. To ensure contributions are made towards your station pension, are NI payments made by the employer (who will need to pay), be credited towards the contribution, or does it…
