Redundancy - insolvent small firms

[sojourner]

Not sure if this has been covered or not, but there was a very interesting programme on R4 today about if your company goes tits up and there's no funds for redundancy payments. You can claim it from the government. I didn't know that!

Anyway - here http://www.insolvency.gov.uk/guidanceleaflets/redundancypayments/guideforemployees/rp1form.pdf

 

[sojourner]

Was this actually helpful to anyone? I must admit, I could only think of me and Eastender who might need it, but surely others would?

 

[kyser_soze]

This is one of those things that BERR keep really, really quiet about. When my last company tanked and we had to make our PA/sec redundant half her wedge came from this fund...

 

[Chester Copperpot]

Thanks for the link.

I may well need this.

 

[laptop]

Mods - move / copy to the employment links compendium thread?

 

[sojourner]

This is one of those things that BERR keep really, really quiet about. When my last company tanked and we had to make our PA/sec redundant half her wedge came from this fund...

I was gobsmacked to hear of it tbh!! I thought if our company goes tits up, I'd be fucked, but now I'd be able to get 2 months pay, which is a massive relief!

 

[sojourner]

Mods - move / copy to the employment links compendium thread?

where's that? oh, the sticky on here?

 

[EastEnder]

I was gobsmacked to hear of it tbh!!

ditto - I thought all employment related monies came from the company, so no company = no money. I certainly don't remember anyone mentioning this the last time I signed on at the job centre after being made redundant....

So would they pay the full statutory redundancy pay, or are there strings attached?

 

[sojourner]

ditto - I thought all employment related monies came from the company, so no company = no money. I certainly don't remember anyone mentioning this the last time I signed on at the job centre after being made redundant....

So would they pay the full statutory redundancy pay, or are there strings attached?

Says here up to 8 weeks http://www.direct.gov.uk/en/Employment/RedundancyAndLeavingYourJob/DG_10026695 and 'All payments are subject to a maximum of £330 for a week's wage', so £1430 per month then

Not as much as I'm currently paid, but better than a poke in the eye with a sharp stick!