ChatterBank6 mins ago
redundancy
1 Answers
can you help...ive been with my current employer
for just over six years...how much redundancy
would i be entitled to
for just over six years...how much redundancy
would i be entitled to
Answers
Best Answer
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For more on marking an answer as the "Best Answer", please visit our FAQ.If you are an employee rather than a worker (i.e. you have a contract and are paid on payroll with tax and deductions rather than as a self employed), then statutory redundancy pay is as follows:
The amount of redundancy pay will be calculated as �
* 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+
Your company may offer enhanced terms, but this is a statutory minimum.
This page should help.
http://www.berr.gov.uk/whatwedo/employment/emp loyment-legislation/employment-guidance/page15 686.html#What_are_the_payments