We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Redundancy Calculation Question
IronMaidenFan
Posts: 303 Forumite
Hi
OH is being made redundant on Monday 22 August
- redundancy package is 5 weeks PILON (not working notice and tax free) and 5 years redundancy pay.
My question is that he is currently aged 43 and will be 44 on 4 September (less than 5 weeks away), the difference in the redundancy pay between those ages is another 0.5 weeks pay. Will OH’s forthcoming birthday be taken into account when employer is calculating his redundancy pay or do they not have to take this into account because they are paying PILON and his employment contract effectively ends on Monday?
Many Thanks
OH is being made redundant on Monday 22 August
My question is that he is currently aged 43 and will be 44 on 4 September (less than 5 weeks away), the difference in the redundancy pay between those ages is another 0.5 weeks pay. Will OH’s forthcoming birthday be taken into account when employer is calculating his redundancy pay or do they not have to take this into account because they are paying PILON and his employment contract effectively ends on Monday?
Many Thanks
0
Comments
-
You add statutory notice to the date of notice to find the date to be used for redundancy(you count back full years).
Some employers will use the temination date and add the statutory notice to that.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.5K Work, Benefits & Business
- 602.8K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards