Weekly Limit

14:52 21 January in General

The Employment Rights (Increase of Limits) Order 2018 With effect from 6 April 2018 the statutory limit one weeks pay for the purpose of calculating a redundancy payment increases from £489 to £508. A copy of the above relevant statutory instrument is available at the following...

Pensions & Redundancy

14:37 19 January in Pensions, Redundancy

The Employment Rights Act 1996 and Pension Schemes Act (amendment) Regulations 2017 The Employment Rights Act 1996 and Pension Schemes Act 1993 (Amendment) Regulations 2017 (“the Regulations”) make amendments to sections 166 and 183 of the Employment Rights Act 1996 and section 123 of the Pension...

Secretary of State v Knight (2013)

14:47 17 January in Legal

Are directors entitled to redundancy? There is a widely held view and common belief that company directors are not entitled to redundancy pay but in limited circumstances it may be possible. When a business fails and has to go into liquidation, directors, who have invested time, sweat...

Directors redundancy pay

16:51 15 January in Redundancy

Directors redundancy When a company goes into liquidation, it’s generally understood that employees are entitled to redundancy pay. But what about the company directors themselves? Ultimately it is their business that has failed, and their livelihood that has collapsed. Unbeknown to many directors, the government does provide...