LondonLuke Posted April 29, 2013 Report Share Posted April 29, 2013 Hi all Slight chance of my girlfriend being made redundant Keen to understand how long you have to be at a company to be considered for being paid off if made redundant Trying to work out if best to stick it out or jump ship early Any help would be great Luke Quote Link to comment Share on other sites More sharing options...
oscarsdad Posted April 29, 2013 Report Share Posted April 29, 2013 I believe you have to have been their 2 years to get a payoff, it may have changed though. Quote Link to comment Share on other sites More sharing options...
aris Posted April 29, 2013 Report Share Posted April 29, 2013 It is all here in black and white https://www.gov.uk/browse/working/redundancies-dismissals Quote Link to comment Share on other sites More sharing options...
Spaniel Posted April 29, 2013 Report Share Posted April 29, 2013 Then sign on and get job seekers £71 per week ...... Quote Link to comment Share on other sites More sharing options...
bruno22rf Posted April 29, 2013 Report Share Posted April 29, 2013 Normally 2 years before you are entitled to redundancy but over the last few years most people are on a 6 month contract that just seems to "auto renew"-in which case you get diddly squat-great innit. Quote Link to comment Share on other sites More sharing options...
aris Posted April 29, 2013 Report Share Posted April 29, 2013 Normally 2 years before you are entitled to redundancy but over the last few years most people are on a 6 month contract that just seems to "auto renew"-in which case you get diddly squat-great innit. I wonder if that could be challenged in court by a no win no fee lawyer. Quote Link to comment Share on other sites More sharing options...
Thunderbird Posted April 29, 2013 Report Share Posted April 29, 2013 Normally 2 years before you are entitled to redundancy but over the last few years most people are on a 6 month contract that just seems to "auto renew"-in which case you get diddly squat-great innit. Most people? That's news to me. Where does that come from? Fixed term contracts that "auto renew" as you put it obviously amount to continuous employment, if they didn't then every firm would try that wouldn't they? Quote Link to comment Share on other sites More sharing options...
Mungler Posted April 29, 2013 Report Share Posted April 29, 2013 Hi all Slight chance of my girlfriend being made redundant Keen to understand how long you have to be at a company to be considered for being paid off if made redundant Trying to work out if best to stick it out or jump ship early Any help would be great Luke Statutory redundancy is F-all. Look at the gov't website and there's a calculator. If you're lucky your other half works for a large American bank and on the way out she'll be given a compromise agreement and a massive tax free payout to go early and quietly and it will be way over her statutory entilement. Factor in a payment for contractual notice (1 weeks salary for each whole year worked to a max of 12 years being 12 weeks money). If she gets a compromise agreement which she has to take to a solicitor (and there's a contribution towards legal costs in there) then come and see uncle Mungler. There's a decent lunch in it for you I'm sure Quote Link to comment Share on other sites More sharing options...
bruno22rf Posted April 29, 2013 Report Share Posted April 29, 2013 (edited) My mistake-when I was made redundant I was on a "fixed term contract" of 6 months that an employer can renew constantly and thus never pay you redundancy-quick look on tinternet shows that this was made illegal in 2002.I was made redundant in 1999-apologies for incorrect advice.Employers can still employ you on a 6 month fixed contract but only for 4 years since the law changed. Edited April 29, 2013 by bruno22rf Quote Link to comment Share on other sites More sharing options...
Thunderbird Posted April 29, 2013 Report Share Posted April 29, 2013 My mistake-when I was made redundant I was on a "fixed term contract" of 6 months that an employer can renew constantly and thus never pay you redundancy-quick look on tinternet shows that this was made illegal in 2002.I was made redundant in 1999-apologies for incorrect advice. Quote Link to comment Share on other sites More sharing options...
Spaniel Posted April 30, 2013 Report Share Posted April 30, 2013 Redundecy is tax free, i actually got 20 weeks Notice period is taxable I am now waiting on my letter to claim 12 weeks of notice period, max £450 per week minus any income you have received or could of claimed for including benefit within that period. Quote Link to comment Share on other sites More sharing options...
aris Posted April 30, 2013 Report Share Posted April 30, 2013 Tax free up to £30k Quote Link to comment Share on other sites More sharing options...
AVB Posted April 30, 2013 Report Share Posted April 30, 2013 We get 3 1/2 weeks for every full year of service. Not as lucrative as it used to be but better than a poke in the eye. It's becoming more common for people to have to work their notice period of 3 months rather than letting them go immediately. Also garden leave is become less common. I am seeing people being made to come in and do nothing whilst 'locked' in an office for three months. Again everything is underpinned by a compromise agreement which says "we give you £X, you agree not to sue us". Quote Link to comment Share on other sites More sharing options...
LondonLuke Posted April 30, 2013 Author Report Share Posted April 30, 2013 Thanks guys, knew this place would be the place to find out. As it is she has been there less than 2 years so probably best to start hunting! Quote Link to comment Share on other sites More sharing options...
Mungler Posted April 30, 2013 Report Share Posted April 30, 2013 Don't **** it I had a girly employed by a London bank in being made redundant - been there 7 months and got £18k tax free Some employers have a blanket policy and the closer to London and the larger the employer the less they seem to care When we saw compromise agreements like that coming through we knew the city of London was out of control As a small high street employer of 20, my chin hit the floor followed with all the secretaries asking if they'd get the thick end of £18k to go Quote Link to comment Share on other sites More sharing options...
LondonLuke Posted April 30, 2013 Author Report Share Posted April 30, 2013 Haha that sounds amazing. The unfortunate thing is that I am not dating the DB or GS secretary, instead a small property company. Intriguingly though she has never been given a contract - all very strange and quite old school. I'm not sure if this puts her in a better or worse position! Either way its not something I have ever been keen on. Quote Link to comment Share on other sites More sharing options...
Mungler Posted April 30, 2013 Report Share Posted April 30, 2013 No contract or statement of terms? Naughty. Google it. Quote Link to comment Share on other sites More sharing options...
LondonLuke Posted April 30, 2013 Author Report Share Posted April 30, 2013 There may be a statement of terms but will have to ask her. It was found through a job agency so in guessing there is a reasonably detailed offer letter somewhere if that counts Quote Link to comment Share on other sites More sharing options...
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