General (34)

National Minimum Wage Increase – 1 April 2021

20 Jan, 2021

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..

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Directors Using Claims Management Companies (CMC)

08 Oct, 2020

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 directors where assistance..

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Company Liquidation Services

24 Aug, 2020

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 claim up to 30 weeks..

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Holiday Pay Calculations: Guidance for Insolvency Practitioners

27 Jul, 2020

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 to the Redundancy Payments Service..

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RPS – Changes to Holiday Pay Calculations

27 Jul, 2020

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 all employees with variable..

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Jobseeker’s Allowance Increase – April 2020

20 May, 2020

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                                                     58.90..

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Business As Usual – Coronavirus Update

13 Mar, 2020

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 to all. Having our robust..

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RPS Helpline – New Opening Hours

09 Mar, 2020

The opening hours for the Redundancy Payments Service (‘RPS’) 0330 331 0020 Helpline have changed. The new times are as follows: Monday – 9am – 5pm Tuesday – 9am – 5pm Wednesday – 9am – 5pm Thursday – 9am – 5pm Friday – 9am – 1pm RPS can also be contacted..

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National Minimum Wage Increase – 1 April 2020

20 Jan, 2020

The new National Minimum Wage being introduced this year will see low-paid workers earn almost a thousand pounds more per year. The new rate of pay will come into effect on 1 April 2020, with a rise from £8.21 to £8.72 for workers over the age of 25, marking an increase of..

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RPS Compensatory Notice Pay Calculations

30 Nov, 2019

The Redundancy Payments Service (RPS) has advised of a recent change in the way that Compensatory Notice Pay (CNP) awards are calculated. Any money earned from a new job, started within the notice period, will be deducted and the calculations for this are now based on the weekly/monthly/yearly salary that..

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