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Redundancy & redundancy planning

For help with questions about voluntary and compulsory redundancy.

How does redundancy affect tax
I'm being made redundant in July and wondering how it will affect my tax year. I'll make up some numbers to assist... Lets say I'm getting a £40,000 redundancy package. £30,000 of it is tax free, and the other £10,000 is taxed. Does all £40,000 count towards my April to April income and therefore anything above this is…
Voluntary Redundancy - Accepted but deadline passed
Hi everyone, I work for a large educational establishment who have offered voluntary redundancy twice in the last 12 months now. First time was in March 2019 and then again in December 2019. We went through a merger (aka complete takeover) last August and the new owners are starting to turn the screw now, making us sign…
Redundancy notice pay
I was recently made redundant and have claimed my notice pay ( 3 weeks as I was employed for 3 years) when I was first made redundant universal credit gave me an emergency pandemic loan of 498.00. This is a loan and has started to be paid back . The redundancy company has deducted this 498.00 from my notice which basically…
Redundancy Period of Employment
Hi All Just before the Covid-19 situation, on 9th March, I was put at risk of redundancy by way of my job being moved to the UAE. A job offer has been made and I am unlikely to take up the offer. At the moment my termination date is 31st August 2020 but could move if they replace me sooner. My employment start date was…
What are my entitlements?
Hello Martin, I was made redundant early March with 4.5 weeks redundancy pay. I have more than £16000 in an ISA and was not eligable to claim for furlough. I have taken a mortgage payment holiday and am trying to restrict my outgoings. What I would like to know is am I entitled to anything as I do not have an income and…
Redundancy whilst pregnant
hi all, im after some advise which I'll try to keep short and sweet. My partners work company had gone into administration with approx 900 looses their jobs. The company was brought out by another company which kept only 30 sum employees- my partner being one of these. She was due to carry on as normal, at the same office…
Redundancy one month into furlough
Evening all My shambles of an employer has sent us notice that they are starting consultation for redundancies. We were put on furlough in late March, and we've only had one furlough payday so far due to the date our wages come in. Currently due to a drop in workload, my job is being carried out by call centre staff in the…
redundancy on reduced wages.
I am currently on furlough but me employer is asking us to take a temporary pay cut when we return. To add to this is the threat of redundancies. Our team has been halved over the last five years and we have felt that we will lose another person this summer anyway. So question is if I say yes to reduced pay (10-20%) and…
Being made redundant and can't afford holiday
I have a holiday booked with tui for October and I still have £400 to pay by the end of July. I got a phone call yesterday saying I am being made redundant as the shop I work in will not be opening again. I have been there 3 years and will only be entitled to government redundancy as the company is in administration so…
Will I be paid my furlough if made redundant 7 days before pay day?
Hi, I was let go from my employer in March, but then brought back a week later under the Furlough scheme, I had only been there 3 months, we have had an email today saying they may be making us redundant around the 27th May. I know I don't qualify for redundancy payment as I have only been there 3 months, but considering…
Redundancy whilst on Furlough
Hi, My employer is making me redundant I am currently on furlough and I feel that they have done this now because I will be 2 days short of being employed with them 2 years, the only reason that I can see for them doing this now is to avoid paying me any redundancy which would have been minimal and having to give me a…
Furlough while being made redundant
The company that i work for have just merged with another company and as a result of this have left employees being made redundant, due to being made redundant during COVID-19. Am i entitled to have furlough because i can't get a new job during this pandemic?
Redundancy notice period
Just a quick question, long story short. I'm in the oil and gas industry and now at risk of redundancy. I have only worked for the employer since September last year. They have set out that everyone will get a month's pay for each year served with a minimum of 3 payments, so 3 months wages regardless of time served. In my…
Furlough Fraud
A quick question, what would stop an employer claiming that they have furloughed staff to get the 80% of wages, then topping up the wages to 100% whilst the employees carry on working as normal, say from home? This seems open to fraud.
Redundancy, Holiday Pay and Garden Leave
I think I may have been stitched up here but would be good to get some advice. I'm currently serving notice and on Garden Leave currently. Its a little different to normal GL as I have been told that I cannot be recalled for work and they just have a contact number in case they have any urgent questions. The period between…
Tribunal
I was made redundant and I went to a tribunal, it is still ongoing although the company made me a settlement offer with terms and conditions. I reluctantly accepted and asked my solicitor to read over the terms and conditions but they wanted to charge extra for professional indemnity insurance. Is this normal and how much…
Redundancy pay whilst furloughed
I am currently furloughed but have now been told my position is being made redundant. I am a company director being paid by PAYE and a dividend. I have been with the company for almost 10 years. Will my redundancy/notice pay be the reduced furloughed pay?
Company has offered Statutory Redundancy Poilc says 2 weeks per year.
Hi I have worked for 26 years for a major British Airline, they have just announced 12000 redundancies, they are only offering statutory redundancy pay, when our workplace policy states 2 weeks per year, for me this means a loss of approx 17K if they go against their own policy and insist on paying the statutory payment,…
Let go due to ill health
Hi, I might be on the wrong forum? Basically I was on a part time contract with tesco, ive been off ill for nearly 3 months with seizures. First month they paid ssp, next month was halved and this months wasnt ssp it was company sick pay that was only 135. Today they let me go on ill health, they said next month ill be…
Loyalty based bonus and redundancy
I am currently being made redundant and will receive an annual bonus prior to leaving. However part of this is paid in shares which I only receive if I remain loyal and stay with the company for 3 years (no other conditions). I have been told therefore I will only receive a pro rata amount for the month I am in the company…

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Redundancy & redundancy planning

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