They can as long as they follow the correct procedures.
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Redundancy help
- Thread starter john jako
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So did I. Must be his avatar.So you're 41?
I'll be honest. I had you down for maybe 20 years on top of that!
The person I know got taxed on £4, 500 .....& they had Union representation ? The measly government Redundancy was not taxed but holidays & unpaid wages were .....
Who knows? I found that information on HMRC website.
I know as it was a close friend - redundancy pay not taxed - the rest was ..... it's classed as normal earnings -
So it looks like it works this way.
- statutory redundancy pay - not taxed up to £30,000
- holiday pay - taxed
- unpaid wages - taxed
- company benefits, for example bonuses - taxed
You would have to be on a fantastic salary to get £30,000 redundancy - & have been at the place of employment for approximately around 40 years ..... they have in scaled too as I remember a weeks pay for the first ten years etc ..... then 1 & 1/2 for the next 5 or ten years - 2 weeks after that - it may have changed like ......
My Trade Union worked it out for me & advised me to fight my case as it was peanuts & I had 25 years in on a good salary ....
I found this as well:
The maximum amount of statutory redundancy pay you can be entitled to overall is £19,290, while the length of service you'll be paid for is capped at 20 years. These statutory caps are reviewed every year on 6 April.
However, you might get more than the minimum amount the law says you should get ('statutory'), if it's in your contract.
Up to £30,000 of redundancy pay is tax free.
Was speaking to a fella in work then who has worked here for 20+ years. Says for some reason the company always does redundancies in November prior to Christmas.
Obviously seems morally wrong doing this but is there a reason financially they would do this? Just seems a weird time to get rid of humans.
Obviously seems morally wrong doing this but is there a reason financially they would do this? Just seems a weird time to get rid of humans.
JimmyJeffers
Player Valuation: £70m
I guess in some ways it’s better than Jan when you may have raked up a load of credit card debt on presents. That’s what companies would argue anyways.
tommye
Player Valuation: £100m
Only just catching up on this palaver JJ.
Can't offer anything in way of advice other than what's already been posted, but wanna wish you good luck and hope shizz works out for you in the long run.
Keep smiling bro, don't let the baśtards grind you down x
Employment law in the UK is always up to interpretation from both sides - hence your need for Union advice & action .....
A regional officer from a Trade Union would pick up on this & put industrial tribunal papers in - you have 15 weeks to withdraw them ....if they treat you correctly - I tell both of my kids always join a Union ..... as a still a trade unionist even on retirement ......
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