Redundancy

[Beesknees]

If my wife was offered redundancy from her company where she has worked for 14 years, how much is she entitled to

[ubasses]

It depends on her contract but statutory is 1 weeks pay for each year of employment from the age of 22. Any employment below that age is half weeks pay.

[lcg]

Depends on what her contract says but look at the gov.uk website for statutory rules and regs.....good luck x

[fadeout73]

Use this link:-

https://www.gov.uk/calculate-your-redundancy-pay

[Beesknees]

Thanks Ubasses,
My wife and i are having a meeting with the companies finance director tomorrow (Monday)and are very apprehensive and don`t know what to expect.My wife who is 61 has been off work 7 months with clinical depression and post traumatic stress. She is not fit for work for the foreseeable future which has been confirmed by a medical report paid for by her company.

[factor-fiction]

Are you sure it would be redundancy? It could be ill health retiremment. Or it could just be termination on grounds of incapability

[humbersloop]

sorry to hear that beesknees

fadeout gives a good link to your wife's statutory entitlements, you should also ask if the company has it's own scheme which might offer her enhancements

I think you may also need to check if she's entitled to a state pension now and, if there's a company pension scheme, when she may be allowed to draw it down

[Beesknees]

I don`t suppose we have to accept anything tomorrow but they have been very good to her since the illness and have paid her full wages for the last seven months, she also has a good company pension which they contribute 66% and was to run until she was 65.

[humbersloop]

well that's all positive, although it must be a very difficult time bees

take notes of what you want answered in with you and notes of the answers for reference

I'd suggest getting as much in writing as you can in terms of the company's assessment of various cash entitlements, and then make an appointment with your local CAB or advice centre to talk things through

hope tomorrow goes as well as it can

[tonywiltshire]

As stated by ubasses, lcg and others her contract of employment may offer better terms than statutory redundancy payments, which are not generous, I was expecting the very knowledgeable buildersmate to reply but I think you may find at age over 41 statutory redundancy is 1.5 weeks’ pay per complete year, capped at £450 per week. Do not overlook holiday pay and pay in lieu of notice.

[Twenty20]

As mentioned above, are you sure it'll be redundancy if she's off work sick? By making the position redundant it means they can't employ someone else in that role for some time.

[tonywiltshire]

Some people trying to be helpful seem to be questioning if it is redundancy, which is a potentially fair reason for dismissal. Lord Denning gave an explanation of redundancy in which he described redundancy as compensation for long service, you should establish what is on offer and what is best for you, and remembering redundancy is tax free for the first £30K.