Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Cant afford to pay redundancy
Chickenman1108
Posts: 44
Forumite
Hi all,
Just after a quick bit of advice.
I run a small business. It's looking increasingly likely that my business will not survive due to the current economic climate. As such I am going to have to let some staff go as I cant afford to contribute to their furlough pay in September (I plan to try and continue to run the business in the short term and hope that trade picks up).
My staff has never had contracts, however I was able to furlough them as they were on the PAYE payroll prior to March.
Am I obliged to pay them any sort of redundancy if they were not contracted? I seem to be finding conflicting information.
To be clear, it's not that I dont WANT to pay them redundancy - I just simply dont have the funds to do so.
Thanks very much
Just after a quick bit of advice.
I run a small business. It's looking increasingly likely that my business will not survive due to the current economic climate. As such I am going to have to let some staff go as I cant afford to contribute to their furlough pay in September (I plan to try and continue to run the business in the short term and hope that trade picks up).
My staff has never had contracts, however I was able to furlough them as they were on the PAYE payroll prior to March.
Am I obliged to pay them any sort of redundancy if they were not contracted? I seem to be finding conflicting information.
To be clear, it's not that I dont WANT to pay them redundancy - I just simply dont have the funds to do so.
Thanks very much
0
Comments
-
Your staff HAVE had contracts - the fact that you've employed them and put them on your payroll and they have turned up to work is evidence of that. You just may not have put in writing like you should have. In evidence of a contract saying anything else they are eligible for statutory redundancy if you've employed them for more than two years, otherwise you can let them go with the required (paid) notice.
2
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 255K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179K Life & Family
- 263.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards