When do you get statutory redundancy pay after being made redundant?

You’ll normally be entitled to statutory redundancy pay if you’re an employee and you’ve been working for your current employer for 2 years or more. This is a modal window.

What are your rights if you are made redundant?

Job losses are climbing as businesses feel the financial effects of the coronavirus crisis. What are your rights if you are made redundant? What is redundancy? When a business needs to reduce its workforce, it closes jobs and the people doing those jobs are made redundant.

Is the Employment Rights Act 1996 a redundancy law?

Redundancy law Many redundancies are carried out incorrectly by management, to the point where they amount to unfair dismissal under the Employment Rights Act 1996. If you can identify the errors, then that will be the key to negotiating a better redundancy package.

How does being on furlough affect your redundancy rights?

Coronavirus and its knock-on effects DO NOT affect your statutory redundancy rights, which are written into employment law. A new law passed by the Government and effective from 31 July 2020 means that being on furlough will not affect your statutory rights to redundancy pay or the relevant amount of notice.

Is there legal entitlement to statutory redundancy payments?

You should note that the online redundancy calculator does not give a legal entitlement to any statutory redundancy amount. If you were made redundant within a year of being put on reduced hours or pay, your redundancy payment would be based on your earnings for a full week.

How did my husband feel when he was made redundant?

I remember my husband telling me he’d been made redundant like it was yesterday. He looked so worried, so uncertain of what lay ahead. We hadn’t had any major money worries since we were students, and now it would be up to me to keep us trucking along until he found work again.

How does being on furlough affect your statutory redundancy pay?

A new law passed by the Government and effective from 31 July 2020 means that being on furlough will not affect your statutory rights to redundancy pay or the relevant amount of notice. The new rules ensure: Any statutory redundancy pay you’re due MUST be based on your normal wage.

What’s the maximum pay for being made redundant?

one and a half week’s pay for every year of service over 41. A maximum of 20 years’ service is taken into account and there is a limit to a week’s pay for statutory redundancy purposes, which in April 2019 was set at £525. This means that the maximumpayment under the statutory scheme is currently £15,750 (i.e. 30 weeks at £525).