Redundancy

mitch90

Hi I was made redundant last week, company has gone into administration so we are having to get redundancy through the government my question if I start a new job straight away will it affect my receiving redundancy pay thanks.

thebrexitunicorn

It won’t  affect the redundancy payment.  It will affect notice pay, because you will only be able to claim for weeks where you earned nothing, or less than the notice pay would have been.  

mitch90

Thanks for your reply, so I left on Friday and was at the company 5 years so will get 5 weeks statutory plus holidays and a weeks notice pay and can also start my new job Monday sorry iv never been made redundant before but the company is not been very forthcoming either with info as they do not really know themselves, and when I say start a new job I mean setting up my own company would this make a difference? Any advice would be appreciated thankyou.

mitch90

One thing my old boss did say is that if you earn within the first two weeks of been made redundant basically the NI fund will not pay up as you have not lost anything don’t want to lose the bit of money I am getting because i will need the payment to help get the company off the ground 

thebrexitunicorn

I’m not aware of this two week rule.  Your employment has ended and the role is redundant, when you start a new job doesn’t change that. Notice might still be payable if you don’t earn while starting your business, or earn less than previous role. Why not call the insolvency service and ask them?

mitch90

Thanks apparently the insolvency agency aren’t been brought in until Friday then hopefully will find out more, there been very vague with everything, they made out if we earn before the cases was filed then it’s tough luck you haven’t missed any earnings so don’t need to pay any money for the years iv been there etc I don’t really understand it all but would be nice for them to say your 5 years statutory is safe etc 

Thrugelmir

mitch90 said:

Thanks apparently the insolvency agency aren’t been brought in until Friday then hopefully will find out more,

All very standard stuff for the administrators. They'll provide all the information you need to know.

mitch90

Thrugelmir said:

mitch90 said:

Thanks apparently the insolvency agency aren’t been brought in until Friday then hopefully will find out more,

All very standard stuff for the administrators. They'll provide all the information you need to know.

Thanks I spoke to my old boss about half hour since and he said because iv gone straight in to another job all I would be covered for is my holidays and not the years worked etc 

General_Grant

mitch90 said:

Thrugelmir said:

mitch90 said:

Thanks apparently the insolvency agency aren’t been brought in until Friday then hopefully will find out more,

All very standard stuff for the administrators. They'll provide all the information you need to know.

Thanks I spoke to my old boss about half hour since and he said because iv gone straight in to another job all I would be covered for is my holidays and not the years worked etc 

I wouldn't be relying on my old boss to know.

mitch90

General_Grant said:

mitch90 said:

Thrugelmir said:

mitch90 said:

Thanks apparently the insolvency agency aren’t been brought in until Friday then hopefully will find out more,

All very standard stuff for the administrators. They'll provide all the information you need to know.

Thanks I spoke to my old boss about half hour since and he said because iv gone straight in to another job all I would be covered for is my holidays and not the years worked etc 

I wouldn't be relying on my old boss to know.

Iv looked online and can’t really find anything that mentions anything about it will just have to wait and see what happens when I’m sent some paperwork next week.

Purplelady65

If you ring ACAS they will be able to advise you. If you were given notice of redundancy and your employment was terminated on Friday then you should be eligible for the redundancy payment.