Redundancy – FAQs

Redundancy – FAQs

Listed below are some questions we are commonly asked:

What is a redundancy situation?

A redundancy situation will most commonly arise if your employer closes its business, a workplace within its business or if it no longer needs as many employees to undertake a particular type of work.

Disclaimer: This information is provided for general guidance only and is not intended to constitute legal advice. You must consult our employment solicitors if you require advice on your situation or circumstances.

 

What is my statutory redundancy entitlement?

If you have two or more years’ continuous employment by the time your employment ends because of a redundancy situation, you will be entitled to a statutory redundancy payment.

Statutory redundancy pay is calculated according to a formula based on age, length of service and pay. Firstly, you calculate your length of service. Then, counting backwards from the date that your employment ended, you would be entitled to:

  • One and a half weeks’ pay for each complete year of service after age 41;
  • One week’s pay for each complete year of service between ages 22 and 40; and
  • Half a week’s pay for each year of service under the age of 22.

A maximum of 20 years can be taken into account when calculating a statutory redundancy payment. Your gross week’s pay at the relevant date is capped at the statutory maximum, which is increased in February each year.

In addition, you should also receive a payment in respect of your notice period (if you are not being asked to work your notice) and a payment for any holiday entitlement that has accrued to you which you have not managed to take.

Your employer should also give you reasonable amounts of time off work, if you have job interviews to attend during your notice period.

Disclaimer: This information is provided for general guidance only and is not intended to constitute legal advice. You must consult our employment solicitors if you require advice on your situation or circumstances.

Blog Posts

Coronavirus Job Retention Scheme – FAQS

06/04/2020

As part of its package to support employers, businesses and employees during the COVID-19…

Read More
Upcoming Events

Supply Chain Supper Club – February 2020

05/02/2020

This event is invite only. If you would like to receive an invite, please…

Read More
News Posts

The Right to Trial by Jury

03/07/2020

The indication by the Lord Chancellor last week that the government is considering removing…

Read More

Testimonials

"We were very pleased to have Jade as our solicitor, the service was excellent and we felt kept in the loop which minimised stress"

- CT

"Jade Shelton was absolutely fantastic!! Professional and proactive at all times."

- JH

"I don't think this house sale would have pulled together without Jo's determination and expertise. Excellent!"

- MT

"This is by far the go-to firm for any issues. You are made to feel valued from the outset and they are so confident in what they do. Wouldn't recommend any other. Thank you Hugh and Max."

- Ros Jones

"Approachable, very efficient, always willing to take my calls and update me."

- SH

"Jade made the process of buying our first home quick, easy and took the stress out of a new chapter of our lives"

-

"I would like to say thank you for your help, support and guidance over the last two and a half years. Obviously should I need further assistance in the future I shall not hesitate to call you guys."

-

"Prompt, helpful, polite and very professional service"

-

"The ease that we could access and speak to Pat Smith - Thank you"

-

"“ This is the second time we have used Tracey for the conveyancing to buy our new home. She is always completely approachable, she has helped us along the way with advice and useful tips that has helped lessen the stress. We have complete confidence in her and would not hesitate to recommend her to our friends and family”.  - Peter Dawes, Cater Dawes Financial Planning "

-

Please select preferred method of contact

* We will only contact you by telephone if you select this as primary form of contact. All web enquiries will be stored on our website for 30 days.