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Redundancy/agreement pre-retirement
Not sure whether this is better here or in Pensions/Retirement but it’s here until it’s moved or I’m told it’s better elsewhere 53yo with 34yrs service and a plan to retire at 55 (21 months from now) I’ve had some medical issues this year that company aren’t geared up to support through adjustments (though if I need to…
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Unpaid Redundancy
I have been made redundant along with nine others the company is still active but the employer won't pay the redundancy what can I do?
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Which Tax Year Does My Redundancy Impact
I'm planning for redundancy and early retirement in the next 12 months. I expect redundancy of around £130k, where I'll get 30k tax free and use salary sacrifice to put the rest into a pension. I know i have a £40k/year tax free allowance on the pension contributions, counting back unused allowance in the previous 3 years…
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Redundancy Payment and Tax Bands
Probably a naive question - but I just wanted to check.... Whilst I understand that the first £30k of a redundancy payment is exempt from income tax, does it in any way count as earned income for the purposes of tax banding? For example - if I'd earned £20k so far in a year and then received a £30k redundancy payment -…
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Voluntary redundancy - do I mention my intention to resign?
I’ve worked part-time in Further Education for 20 years and seen the workload/pay balance tip significantly in my employers favour during that time. The teaching and student interaction is great, the bureaucracy is increasingly hostile and now significantly encroaches on my other job and home life. I’m reaching the end of…
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Redundancy calc peace of mind. Winner or loser?
Hi all I'm looking for peace of mind with this one. I signed my redundancy with a solicitor which I think actually benefit me more in the end however I did get quite a big student loan repayment and tax regarding pay in leiu, holiday and benefits. 1. I originally had the redundancy paperwork based on my older salary last…
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Redundancy whilst on Secondment
Hi, I currently work for the NHS, my substantive position is employed on a Band 5 27 hours per week contract. I have been on secondment for the last 3 years, full time at a higher banding. There is a chance my substantive post is going to be made redundant. Can anyone advise if my redundancy package would be based on part…
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Redundancy & Child Maintenance
I'm due to be made redundant in Nov this year after 13 years service. Having googled the thread title I'm not really any further forward as per my liability if any? Does the 30k tax free amount count or is it separate? Do I keep paying the same amount until I find new employment and then recalculate. I don't want to not…
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Temp then perm in the same job: rights on severence pay?
I'm not being made redundant right now, but I wanted to find out my rights to severance pay in the event that this should happen in the future. My current job has been permanent since 2018, but prior to this, I was doing the exact same role as a rolling temp for around 5 years (my organisation is large, and created it's…
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Tax on settlement payment
Hi I have recently taken a settlement from my company. I know tax and NI is paid on the PILON and outstanding holiday pay which is fine. However I also received an additional payment as compensation for my termination and my old company are saying that tax and NI have to be paid on the full amount of that as well but as…
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Formal / Informal Meeting Minutes
Due to health issues I am WFH. I attended what I thought was an informal check up meeting, which turned out (I didn't notice the wording change on an attachment, which is totally my fault) on the calendar invite to be a formal meeting with My manager and a member of HR. So I didn't have a union rep or partner with me as it…
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Anyone else struggle to settle post redundancy?
I ask this as I am about to start job number 3 this week post my redundancy in March. I've struggled to settle into any of these jobs. I think when you are made redundant from a job you've been in a long time you lose part of yourself, the job is part of your identity. You go from someone who was valued, respected, needed,…
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Voluntary redundancy - Pension
I'm soon to take redundancy and have a question on the company pension contribution. They have to give me 3 months notice, so they are intending that I work 1 month and then finish up and they will pay PILON for the remaining 2 months. But they are saying will don't pay the DC pension contributions for the 2 months of…
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Suitable Alternative Employment and other candidates.
Hi, I hope this will be an easy question. If an employer is offering other roles to someone under threat of redundancy, and another employee who isn’t under threat of redundancy is interested in that role too, does it go to interview or does the person under threat get the role? Thanks!
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Back dated pay rise
I was due a pay rise in April, and received a full and final offer from the employer. The union has argued with the employer which is delaying the pay rise. When it is finally agreed, (note the full and final bit! )are the employees entitled to the pay plus the interest they would have got on the money if it had been paid…
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Redundancy Insurance Claim after Settle Agreement
Hi allI'm in the process of being made redundant and requesting a 'Settlement Agreement'. I have a stong case for unfair dismissal and will use this for the reason of requesting the settlement agreement. I have redundancy insurance cover that covers me for redundancy but I'm wondering how this be affected if a settlement…
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Redundancy Question around timings
Hello, The company that I worked for shut up shop in July, and they brought in the liquidators. I have checked on the relevant .gov website (https://www.gov.uk/your-rights-if-your-employer-is-insolvent/your-rights) and it list of a number of things I can apply to the government for. In my case, I believe I would be…
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Risk of Redundancy ii
Removed by OP due to ongoing process
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Off sick after Redundancy announcement
Hi, i am unfortunately juggling a divorce, financial arrangements, childcare arrangements and house sale, i was put on happy pills and took only two weeks off work as i wanted to keep myself busy, well now I'm also being made redundant, i have a long consultation process but wondering if i should put forward a case for…
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Tax refund ?? following leaving work aged 64 with a Settlement Agreement
Will there be any tax refund ?? I will have worked 6 months of this tax year when I finish work with a Settlement Agreement in September, I am 64 and wont be returning to work as I have some savings. I'll wait until claiming my company pension to age 65 as originally planned and am obviously aware that I'll have to wait a…