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Reduncey pay

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Does each company pay a different  amount for or is it a set figure regardless of which company you work for.

I am asking because someone owes me money, they say there gona get a lot more then on government website.

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    There's a statutory minimum that has to be paid. Nothing to stop an employer paying an enhanced rate. 
  • Stat is 1 week for every year worked. Last time I got 1 month per every year.
  • MalMonroe
    MalMonroe Posts: 5,783 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 10 January 2021 at 10:23PM
    Comprehensive advice from the govt here : https://www.gov.uk/redundancy-your-rights/redundancy-pay

    Employers could pay more but that'd be personal and confidential information, as are all details about someone else's salary.
    Please note - taken from the Forum Rules and amended for my own personal use (with thanks) : It is up to you to investigate, check, double-check and check yet again before you make any decisions or take any action based on any information you glean from any of my posts. Although I do carry out careful research before posting and never intend to mislead or supply out-of-date or incorrect information, please do not rely 100% on what you are reading. Verify everything in order to protect yourself as you are responsible for any action you consequently take.
  • I'd get 6 weeks for every year worked.
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