The Employment Rights (Increase of Limits) Order 2021 With effect from 6 April 2021 the statutory maximum amount of “a week’s pay” for the purpose of calculating a redundancy payment increases from £538 to £544. A copy of the above relevant statutory instrument is available at the...
Suspicious or fraudulent redundancy payment claims – A reminder of an Insolvency Practitioner’s responsibilities Given recent media reports highlighting suspected fraudulent activity across a range of government support schemes and services, Insolvency Practitioners are reminded to be vigilant of potential abuses including in relation to redundancy...
The FCA have published a consultation paper on proposals to restrict the amount charged by claims management companies. Under the Financial Guidance and Claims Act 2018 (FGCA) when Parliament transferred regulation of CMCs to the FCA it gave them a duty to make rules about CMC...
From April 2021 the National Minimum Wage and National Living Wage will increase by 2.2 percent from £8.72 to £8.91. For the first time, the increase will be extended to 23 and 24-year-olds. In full, the increases are: Rate from April 2020 Rate from April 2021 Increase National Living Wage £8.72 £8.91 2.2% 21-22 Year...
Dear IP This article is being issued to clarify the existing position that was set out previously in Chapter 17 Article 46 and to ensure compliance with the Claims Management Regulator (CMR) set out in Chapter 13 Article 94. The Redundancy Payments Service (RPS) receives claims from...
Hello to all our visitors from the company liquidation services website. After many years of successfully helping business owners to liquidate their company, we took the decision to concentrate fully on claiming redundancy payments for directors. Many directors do not know that they and other employees can...
Changes to the reference period used to calculate the rate of holiday pay following redundancy (for those with variable weekly pay): Redundancy Payments Service process This article is to provide details on how insolvency practitioners should submit the secondary rate of pay for holiday pay...
Changes to the reference period used to calculate the rate of holiday pay following redundancy (for those with variable weekly pay) The reference period applied to calculations for holiday pay only has been extended from 12 weeks to 52 weeks. This reference period change applies to...
Jobseeker’s Allowance (JSA) has been increased for the first time in five years as the benefits freeze comes to an end. From April 2020 the changes to contribution-based JSA are as follows: Personal rates Previous Rates 2019 (£) New Rates 2020 (£) Under 25 57.90 ...
As uncertainty increases around Coronavirus in the UK, we at CFS Redundancy Payments would like to reassure all of our clients and contacts that it is business as usual at CFS and we will continue to operate as we always do and remain fully accessible...