How do you claim?
Speak to Redundancy Claim on 0800 063 9261
How long after the liquidation can I make a redundancy claim?
A claim can be made up to 6 months after the employee last worked. In certain circumstances the period could be extended up to 12 months.
How long does the process usually take from claim to payment?
A payment should be received by the director 4-6 weeks after the creditors meeting subject to you returning the necessary paperwork.
How much will you get?
The maximum available for redundancy and other statutory entitlements is as follows:
Redundancy pay - £14,370 capped at 20 weeks
Notice pay - £5,748 capped at 12 weeks
Unpaid holidays – £2,874 capped at 6 weeks
Unpaid wages - £3,832 capped at 8 weeks
Payments are limited to £479.00 per week.
Must you pay tax on a redundancy payment?
You don’t pay tax on a statutory redundancy. However, tax and NI are deducted from unpaid holidays and unpaid wages.
What would prevent a redundancy claim being approved?
There are many reasons a claim can be refused as follows:
Been incorporated for less than two years
You leave before the company has closed
Your employer has offered you a suitable job (TUPE)