Donate SIGN UP

redundancy

Avatar Image
crabbers | 20:15 Sat 20th Jan 2007 | Business
1 Answers
what is the statatuory redundancy amount each year of employment
Gravatar

Answers

Only 1 answerrss feed

Best Answer

No best answer has yet been selected by crabbers. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
This isn't very well laid out, but it is up to date and accurate:

http://www.dti.gov.uk/employment/employment-le gislation/employment-guidance/page15686.html

For redundancies made before 1 October 2006, the amount will be calculated as -

* For each complete year of continuous service between the ages of 18 and 21, you will receive half a week's pay.
* For each complete year of continuous service between the ages of 22 and 40, you will receive one week's pay.
* For each complete year of continuous service between the ages of 41 and 65 you will receive 1� weeks' pay. However, if you are over 64, the total amount of the payment you receive will be reduced.

For redundancies made on or after 1 October 2006, the amount will be calculated as �

* Up to the age of 21, you will receive half a week�s pay for each completed year of service.
* 22 � 40 years of age, you will receive one week�s pay for each completed year of service.
* 41+ years of age, you will receive 1� weeks' pay for each completed year of service.

Only 1 answerrss feed

Do you know the answer?

redundancy

Answer Question >>