redundancy payments

ellen 59 | 20:57 Thu 03rd Feb 2005 | Business & Finance

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How are redundancy payments calculated----- on basic wage per week for each year or take home pay?

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denisegordon

This is a useful website, it shows the statutory minimum, so legally you won't get less but you could get more depending on your employer's policy http://www.redundancyhelp.co.uk/PayQuick.htm

Hammer

It's generally calculated on your contractual pay, so wouldn't include overtime, bonuses, etc.

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