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Made redundant, but bonus paid in oversight
The short version.... I was made redundant last year, literally the day the consultation finished and it was all finalised was Xmas Eve (yes, I was such a good girl that Santa took my job, but he did bring me a nice new shiny one in January !) Anyway, having been there just over 3 years, I was entitled to a statutory pay…
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unlawful rental increase in affordable housing
I really hope you can help... We are living in a rental property called a key worker property for people working as civil servants. We have had a notification that the rent has increased from £720 to £840 from the 1st April. This is a rental increase of 16.6%. The citizens advice bureau website states that affordable rent…
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redundancy overpayment?
I was made redundant after 34 years of work at a company which was taken over after 24 years at which time I was off long term sick ( 3 months with broken hip.) so I never actually saw anyone at the change over of owners. The boss showed me my redundancy figure pointing out it included my time working before the take over.…
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Making the most of redundancy sum
Hi I'm about to be made redundant from the NHS with a gross lump sum payment of about £110k. I know the first £30k will be tax free but how do I minimise tax on the remainder ? The payment is to be made early in the 2017/18 tax year (probably May). At the moment I am a 40% tax payer but, once redundant, my only possible…
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Redundancy calculation
Hi everyone, Was wondering if anyone would be able to clarify or shed some light on this situation. I've googled and searched and don't seem to be able to find an answer. I have 2 jobs Job no1: 26 hours a week been there 9 years Job no 2: 40 hours a week. Been there 9 months Job no 1 has been under threat of closure for…
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Final Pay check when leaving Job
Hello, I am looking into the financial impact of me leaving my job. As detailed in a previous log, I have worked for my current employer for about four years and nine months. In in employment contract it states the following ; TERMINATION AND NOTICE PERIOD 8.1 During the Probationary Period (or during any such extended…
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Unemployment Cover VS Voluntary Redundnancy
Hello, I have been working for the same firm for coming up to five years now and have had an unemployment only policy taken out in July 2013 for which i have been paying £30 a month for the last three years. Coincidentally at the time I took the policy out, the company announced they were making redundancies which would…
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Understanding PILON
After 20 years service, my contract of employment has recently been terminated due to ill health capability. I have received my final payment & whilst I have been paid my normal rate of pay for annual leave & hours owed, my 12 weeks PILON has been paid at a reduced rate (£2.33 p/h less). I believed, after reading many…
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Redundancy entitlement past retirement age
A chap I worked with has been employed by the same company for all of his working life and reached retirement age a couple of years ago. To be honest should have called it a day because he really isn't up to the demands of the job anymore, but he wanted to carry on. He asked the boss if he could continue, to which he…
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VR or CR ?
I am going to be made redundant. I may be in a position to take VR or be made CR. Financially, there is not much in it. My question is should I take voluntary redundancy or opt to be made compulsory redundant. Are there any implications I am not aware with either or option ? Thanks.
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Consultation period rules
I work for a small firm along with four others. The directors are volunteers and are unpaid. We were told in a staff meeting that due to financial conditions we were in a 3 week consultation period no mention was made of redundancy, I asked specifically if this was what was meant? I was told that no it was looking at…
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Head scratcher
Does anyone know where I stand, I work nights in a factory, and today the day shift have been given letters to state that they company has gone bankrupt (again this happens alot), and that their employment has ceased. the boss has told them they can take redundancy if they like, but they can still continue in their…
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Underpaid redundancy-help please!!
A friend was made redundant having worked for an employer for 13 years. The business was taken over 4 years ago and has since gone bust. He was TUPE'd over to the new employer 4 years ago. The Insolvency Service has only paid redundancy for the 4 years with the new employer rather than the 13 years. Is this right?Any help[…
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Over 30,000
Hi all I'm thinking of taking voluntary redundancy from my place of work but didn't realise that anything over £30'000 is taxable, I have a money purchase pension with the same company (standard life) is it worth me putting the excess into the standard life scheme .
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Redundancy pay - weekly pay calculation
Hi Everyone, I've been made redundant recently and I left early as I had found another job and my employer still paid me a redundancy package which consisted of redundancy pay and compensation, but no payment in lieu of notice due to leaving early. My employers HR department gave me a figure of what I was going to be paid,…
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TUPE and length of service
Hi all. I've just been informed my contract is to be TUPE over to a new employer in 30 days. I have worked for my current employer for 26 years and even though i'm being TUPE, working in the same building, doing the same job, would this be seen as start of new employment for the purposes of loan or mortgage application as…
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Civil service early exit
Hello everyone, Just looking for some advice or info from anyone who might have been through anything similar! My work are running an early exit scheme. I am not really happy in my job (24/7 shifts) and was considering leaving this summer anyway. So I am considering applying for the exit scheme. I have worked there for…
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Redundancy exposed!
I work as PA for a large organisation. I'm in my 14th year there. It is part of my role to check/work through my boss' email inbox and today have come across an email between him and our Finance Director to say that I am to be made redundant. I am confused as to what to do (coupled with the fact that I can't quite think…
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Does redundancy affect tax credits
Since April last year i have been on unpaid leave (sabatical). As i wasnt earning i notified tax credits who adjusted the award accordingly. I am going to be made redundant in 28rh Feb 2017 and im.just wondering if the redundancy payment will show on my p60 as earnings which will then affect my twx credit.and end up with…
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protective award
When people are awarded 90 days protective award by a tribunal but the company is in administration/insolvent is the award capped at 8 weeks by the government? Also what deductions are taken from any award?
