Getting paranoid, will second income affect my redundancy payout?

beebaakid

Hi I have a full time job, which looks like its going into administration next week. I have a second income selling cards on ebay. will this second income affect my government redundancy payment? I'm thinking am I classed as having a job during notice period or something like that, just getting really paranoid thinking I should wind up my eBay as my redundancy is not to be sniffed at, cheers Mark.

lincroft1710

When you say "government redundancy payment" do you mean your employer is insolvent and the government will be paying your redundancy?

beebaakid

lincroft1710 said:

When you say "government redundancy payment" do you mean your employer is insolvent and the government will be paying your redundancy?

Hi, yes, as far as I know my site has been ring fenced from the rest of the company and is going into administation

lincroft1710

I think you need to check out exactly what is happening. I am not certain that a company can liquidate a part and expect the government to pick up the redundancy tab

Grumpy_chap

By "government redundancy payment", do you mean "statutory redundancy" or state payment in the event of insolvency?

Can you explain better the type of organisation and how one branch can enter liquidation but not the remainder of the business?  Is it a franchise business model?

thebrexitunicorn

Having a second unrelated job/business  shouldn’t affect your redundancy entitlement.