Redundancy payments

I've been told that am getting 3 weeks' pay for every year worked. I would be finishing in June 2021 and would have worked for 2 years and 9 months. They would pay me for my notice period (3 months) which would mean I would be paid for July, August, and September. Would the notice period be added to the 2 years and 9 months already worked? This would mean I would have been there for 3yrs if the notice period is added.

Comments

  • McKneff
    McKneff Posts: 38,810
    Name Dropper First Anniversary First Post
    Forumite
    So does your notice period not start till 
     1st July....
    Seems odd rather they are telling you 6 months in advance
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • beemarman
    beemarman Posts: 32
    First Anniversary First Post Combo Breaker
    Forumite
    edited 16 December 2020 at 7:54PM
    McKneff said:
    So does your notice period not start till 
     1st July....
    Seems odd rather they are telling you 6 months in advance
    Yes, my notice period starts in July 2021, but I don't have to work my notice period. I just wanted to know if the notice period would mean I would have worked there for a total of 3 years instead?
    We were told our jobs are being outsourced but we need 6 months to documents and train the outsourcing client and that's why they want us to stay for 6 months. 
  • getmore4less
    getmore4less Posts: 46,882
    Name Dropper First Anniversary First Post I've helped Parliament
    Forumite
    TUPE?

    If they are terminating your contract end June 2021 and paying 3 months PILON then you can add statutory notice(2 weeks) to that date for the relevant date for the redundancy calculation(not contractual notice).

    One reason they may do it this way is they can change their minds right up to the last day so if the transition is delayed they can just push it back.

    What may be better financially is they put people on notice to finish end of June and pay extra in the termination package as that is tax free up to £30k, PILON is taxable.  

Meet your Ambassadors

Categories

  • All Categories
  • 341.7K Banking & Borrowing
  • 249.7K Reduce Debt & Boost Income
  • 449.2K Spending & Discounts
  • 233.9K Work, Benefits & Business
  • 606K Mortgages, Homes & Bills
  • 172.5K Life & Family
  • 246.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.8K Discuss & Feedback
  • 15.1K Coronavirus Support Boards