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Weekly Wage Cap?
AndreaE
Posts: 201 Forumite
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?
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Comments
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The statutory cap since April 2019 is £525pw. Up to 20yeats service.0
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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 :-)0
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