Weekly Wage Cap? 22 August 2019 at 7:46PM in Redundancy & redundancy planning 2 replies 2.2K views

AndreaE

Is it normal/acceptable/legal for a company to offer a redundancy package with 1 or 1.5 weeks pay per year of employment (depending on age) but add it will be up to a maximum of £XX per week regardless of amount actually earned?

getmore4less

The statutory cap since April 2019 is £525pw. Up to 20yeats service.

AndreaE

Thank you. Just wanted to check in case they were pulling a fast one as most of the people involved earn more than that.
Many thanks for your help :-)