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!

How to handle resignation coupled with redundancy

2»

Comments

  • p00hsticks
    p00hsticks Posts: 14,671 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    MissD wrote: »
    Where did you get the 2 weeks stat redundancy, I think it'd be 2 months from what she's given me.

    from gov.uk....

    Statutory redundancy pay rates

    These are based on an employee’s age and length of employment and are counted back from the date of dismissal.
    Employees get:
    • 1.5 weeks’ pay for each year of employment after their 41st birthday
    • a week’s pay for each year of employment after their 22nd birthday
    • half a week’s pay for each year of employment up to their 22nd birthday
    Length of service is capped at 20 years and weekly pay is capped at £464. The maximum amount of statutory redundancy pay is £13,500.
    You can give your staff extra redundancy pay if you want to, or have a qualifying period of less than 2 years.
  • MissD
    MissD Posts: 95 Forumite
    McKneff wrote: »
    Contractually she would only be entitled to 2 weeks pay, and any accrued holiday pay.


    Does she really get £500 a week.?

    I know her annual salary. I will tell her this I think she's hoping for nearer 1,000K
  • MissD
    MissD Posts: 95 Forumite
    p00hsticks wrote: »
    from gov.uk....

    Statutory redundancy pay rates

    These are based on an employee’s age and length of employment and are counted back from the date of dismissal.
    Employees get:
    • 1.5 weeks’ pay for each year of employment after their 41st birthday
    • a week’s pay for each year of employment after their 22nd birthday
    • half a week’s pay for each year of employment up to their 22nd birthday
    Length of service is capped at 20 years and weekly pay is capped at £464. The maximum amount of statutory redundancy pay is £13,500.
    You can give your staff extra redundancy pay if you want to, or have a qualifying period of less than 2 years.

    so 2 weeks. would seem to be the correct amount. I'll tell her this.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.4K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.2K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.