Redundancy pay whilst furloughed

I am currently furloughed but have now been told my position is being made redundant. I am a company director being paid by PAYE and a dividend. I have been with the company for almost 10 years. Will my redundancy/notice pay be the reduced furloughed pay?
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  • Comms69
    Comms69 Posts: 14,229
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    No, it will be based upon your normal salary. (or potentially a higher figure if that is what you negotiated in your contract. Also dont forget notice pay and annual leave pay)
  • Is it different for directors?
  • Comms69
    Comms69 Posts: 14,229
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    wendy2408 said:
    Is it different for directors?
    What do you mean? Is what different?
  • The redundancy payment.ie number of weeks notice pay and also what is classed as “pay”. Does it go on my salary or just what was paid through PAYE
  • Comms69
    Comms69 Posts: 14,229
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    The statutory minimum is the same across the board. Your contract may have a better deal than that. (eg NHS pays 1 months per year of service)

    I dont understand what you mean by salary and paid through PAYE? 
  • A director can take their pay as a part dividend and the rest through paye. Thank you for your help.
  • Comms69
    Comms69 Posts: 14,229
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    wendy2408 said:
    A director can take their pay as a part dividend and the rest through paye. Thank you for your help.
    Well technically anyone can be paid a divident. But that isnt salary. 
  • JReacher1
    JReacher1 Posts: 4,651
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    You’ll be paid redundancy based on your salary which will exclude your dividend payments (unless there is something in your contract to cover this scenario)
  • I'm also in the same position., albeit  I'm not a director.  The question  i have is about paid notice. Of which  I'm  entitled  to 12 weels. Im currently  on 80% furlough.   Should the paid notice  be 100% of my wages?

  • wendy2408
    wendy2408 Posts: 5
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    My figures show that the notice period is paid at your full rate ie 100%
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