I am being made redundant next week and have been working for 14 years. Should I get paid redundancy notice?

Answer 1

The redundancy payment due to each employee under the statutory redundancy payment scheme depends on his or her age and length of service (up to twenty years). This determines the number of weeks pay due, which is then subject to a limit on weekly pay.

To calculate the number of weeks pay due, you should use the following amounts –

0.5 week’s pay for each full year of service where age during year less than 22
1.0 week’s pay for each full year of service where age during year is 22 or above, but less than 41
1.5 weeks’ pay for each full year of service where age during year is 41+
Employers using the above amounts to calculate an employee’s entitlement to redundancy pay should note that where an employee’s service crosses two bands, the figures in each band should be added together. For example -

Example 1 - if you are 25 with 7 years service, you will be entitled to 5 weeks’ redundancy pay. The 5 weeks entitlement is based on 0.5 weeks’ pay for each completed year of service between age 18 and 22 and 1 week’s pay for each completed year of service between age 22 and 25. (The middle band of 1 weeks’ pay only applies where an employee, who is entitled to a redundancy payment, has completed a year service at age 22 or above).

Example 2 - if you are 38 years old and have 12 years of service, you will be entitled to 12 weeks’ redundancy pay. The 12 weeks is based on 1 week’s pay for each completed year of service between age 26 and 38.

Example 3 – if you are 49 years old and have 15 years of service, you will be entitled to 19 weeks redundancy pay. The 19 weeks’ entitlement is based on 1 week’s pay for each completed year of service between age 34 and 41 and 1.5 weeks’ pay for each completed year of service between age 41 and 49.

The maximum week’s pay that an employee is entitled to under the statutory scheme is £310. The limit changes every February in line with the Retail Prices Index. The increase of the limit on a week’s pay will apply where the relevant date (including the projected date for redundancy payment purposes) falls on or after 1 February.

Answer 2

You are entitled to one weeks salary for each complete year of service. This money is tax-free. This is based on a maximum weekly wage of £280 and is the statutory allowance for redundancy. This means that if you have a current weekly wage over £290 then you're onto a loser. You are also entitled to be given 4 weeks notice of redundancy, so you are also entitled to an extra months pay but this would be taxable.
Have a look here for more detailed info...
http://www.lawontheweb.co.uk/employmentredundancy.htm

Answer 3

Yes, if you are over 40 years old you will receive one and a half weeks wages for each year employed maximum amount £306 for each week, under 40 it is one week for each year again max £306 so you will have 17x £306 = £6120 plus one weeks notice for each year loss of employment depending on terms and conditions of employment, if you were on contract for employment (self employed) you would receive nil, depending on the number of employees being made redundant if more than 60 a ninety day period would be brought into play to allow the Department of Employment and trade unions to consider the views and opinions.

Answer 4

Statutory redundancy pay is one week's money for every year of service so you will be entitled to 14 weeks pay. This will be taxable. However you may also have contractual entitlements in addition which you would need to check out.

Answer 5

Sorry to hearken to your information, it rather is a annoying one, i became made redundant after the start of my daughter and my company had to pay my redundancy to the tip (in a single lump sum) so i'm particular you have rights so do no longer enable them to fob you off! I actual have constantly chanced on ac as useful as quickly as I actual have noted as them, they're loose and can provide you guidance on employment rights and regulation. business enterprise might desire to be extra careful making pregnant workers redundant so do no longer sign something in the previous you have checked that the can actual make you redundant. If ACAS won't have the ability to help then the electorate suggestion bureau might want that might actually assist you too, all nevertheless using credit crunch they're very busy so acas could be speedier. stable success.

Answer 6

most defitely. If your in the UK an have been there for more than 2 years so you should be entitled to a good few months wages in your final pay packet. Check out the ACAS website.

Answer 7

you should get 14 weeks wage for the 14 years you where there

Answer 8

Technically yes, and quite a lot aswell

Answer 9

Yes you should. I take it you are not part of a union.
Go to citizens advice they will be able to tell you who you should contact or what to do.