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Calculating compensatory notice pay - insolvent employer

brokeboy
Posts: 1 Newbie
Hi,
I am looking for some help on working out any entitlement I have to compensatory notice pay.
BACKGROUND:
I worked for my company for 11 years, they recently made me redundant under their 'enhanced redundancy' deal, and I have a signed compromise agreement worth 32.5K to that effect. i therefore left the company on 7th Oct.
The company then went into administration on 3rd November without paying me anything, and I was told I would only get statutory redundancy of 11 years x £400 = £4400. Ouch.
I was then told I could also be entitled to compensatory notice pay of 11 years x 400 = £4400. Luckily I signed onto JSA from the 10th October which seems mandatory in qualifying for this.
I am now due to start a new contract role on 5th December for 2 weeks before the christmas break...
MY QUESTION:
By the time I start this job, I will have been out of work for 8 weeks, and i'm trying to figure out how this relates to the potential 11 weeks worth of compensatory notice pay.
So, does this mean I will be entitled to:
Basically, if its the latter then obviously anything i earn from 2 weeks work will effectively be working for nothing won’t it, because it will just be deducted from the '£4400, minus JSA' amount?
Any help in working this out will be appreciated.
many thanks
I am looking for some help on working out any entitlement I have to compensatory notice pay.
BACKGROUND:
I worked for my company for 11 years, they recently made me redundant under their 'enhanced redundancy' deal, and I have a signed compromise agreement worth 32.5K to that effect. i therefore left the company on 7th Oct.
The company then went into administration on 3rd November without paying me anything, and I was told I would only get statutory redundancy of 11 years x £400 = £4400. Ouch.
I was then told I could also be entitled to compensatory notice pay of 11 years x 400 = £4400. Luckily I signed onto JSA from the 10th October which seems mandatory in qualifying for this.
I am now due to start a new contract role on 5th December for 2 weeks before the christmas break...
MY QUESTION:
By the time I start this job, I will have been out of work for 8 weeks, and i'm trying to figure out how this relates to the potential 11 weeks worth of compensatory notice pay.
So, does this mean I will be entitled to:
- 8 x £400, minus JSA
- 11 x £400, minus JSA (because isn’t a 'statutory' notice period 4 weeks, and i have passed that?)
- Or does it mean I will get 11 x £400, minus JSA, minus the money i’ll get from the 2 weeks in the new job.
Basically, if its the latter then obviously anything i earn from 2 weeks work will effectively be working for nothing won’t it, because it will just be deducted from the '£4400, minus JSA' amount?
Any help in working this out will be appreciated.
many thanks
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