Redundant in July

I will be made redundant in July . I have 33 years service and am 60 years old pay will be capped at 20 years but for the last 5 years i have gone down to 4 days my question is will i be paid 15 years at 5 days pay and 5 years at 4 days pay ? or will it all be paid at 4days pay.

Comments

  • Grumpy_chap
    Grumpy_chap Posts: 14,433
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    Your contract may offer you more, but statutory will be:
    • 12 weeks' notice
    • Age- and length-of-service redundancy pay, capped at 20 years, £538 per week, maximum £16,140
    The cap may well come into play before anything else, but if not it would be based on the reduced rate of pay for the reduced number of days.
    The following may be helpdul:
    https://www.gov.uk/redundancy-your-rights/redundancy-pay
  • JReacher1
    JReacher1 Posts: 4,651
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    19 years of the Redundancy payment will be capped at £538 x 1.5. The remaining year will be at £538. So you could potentially get very near the maximum amount allowed. 

    It depends on whether your wage is higher than £538 a week. 
  • Grumpy_chap
    Grumpy_chap Posts: 14,433
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    The employer may offer enhanced pay over-and-above statutory.
  • joebob
    joebob Posts: 444
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    They are offering  2x for every year so will get 40 weeks redundancy but still not sure wether i will get  15 years at  5 days and 5 years at 4 days or if all will be paid  on 4 days .  will find out next week but was wondering if anyone knew for certain.
  • daveyjp
    daveyjp Posts: 12,395
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    Anything over statutory is down to either employee handbook of terms and conditions or if silent a negotiation between employer and employees.
  • dd95
    dd95 Posts: 213
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    joebob said:
    They are offering  2x for every year so will get 40 weeks redundancy but still not sure wether i will get  15 years at  5 days and 5 years at 4 days or if all will be paid  on 4 days .  will find out next week but was wondering if anyone knew for certain.
    2x for every year is more than statutory. I would presume therefore that the stat max of 528 per week would also not apply. Therefore plausible to suggest you will get 15 years at 5 days x2 and 5 years at 4 days x 2
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