Redundant today

hunt85

hi all I am recently bankrupt (3rd december) and my partner with no debt etc a small amount of savings - about £2k - and a cheap car worth about the same has just passed his work and noticed alot of activity and basically his boss has said he has gone bust today. He has to go in tomorrow and will be paid all he is owed says the administrator and he can take stock to sell on which is good. But basically now we need to know what he's entitled to! he is going to see citizens advice and job centre ASAP next week but any initial help on here would be great. Normally i may have had credit cards etc to use as a last resort but now i am bankrupt we have nothing to fall back on so need whatever he is entitled to asap! i work full time earning £15k a year and we live together although the mortgage is in my partner's and his brother's (who is employed full time about £25k a year) name

thanks all

binnie

Hi, Sorry to hear of your bad news.
I'm afraid I have nothing really useful to say, but hope someone will come along and give you some advice.

Hope you manage to have a nice xmas though as best as you can.

xxx

jazzyman01

He will be able to claim redundancy based on the number of completed years service and his age. The actual calculation is based on max £380 so if he earned more than that he will not benefit from it.

Payment is calculated on 1 x weekly wage (capped) for each year of service between the age of 21 and 41. 1.5 x weekly wage (capped) for each year of service over the age of 41 and .5 for each year under age of 21.

In addition he can claim notice which is 1 week's pay for each completed year of service to a max of 12 weeks (based on actual earnings) and outstanding holiday entitlement. This portion is taxable.