Can redundancy be capped at less than 20 years

Can redundancy be capped at less than 20 years,for example if I have worked 18 years for my current employer and my contract says redundancy is capped at 12 weeks pay is that correct? Can an employer cap the redundancy that low? Thanks in advance for any answers

Comments

  • Carrot007
    Carrot007 Posts: 4,534
    First Anniversary Name Dropper First Post
    Forumite
    If they are paying more than statutory redundancy of 1.5 weeks pay a year (so 30 weeks pay) then of course.


  • McKneff
    McKneff Posts: 38,812
    Name Dropper First Anniversary First Post
    Forumite
    I dont think so but a call to acas would help you
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • getmore4less
    getmore4less Posts: 46,882
    Name Dropper First Anniversary First Post I've helped Parliament
    Forumite
    Are you mixing up notice pay with redundancy pay? 
Meet your Ambassadors

Categories

  • All Categories
  • 341.8K Banking & Borrowing
  • 249.7K Reduce Debt & Boost Income
  • 449.2K Spending & Discounts
  • 234K Work, Benefits & Business
  • 606.2K Mortgages, Homes & Bills
  • 172.5K Life & Family
  • 246.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.8K Discuss & Feedback
  • 15.1K Coronavirus Support Boards