Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: Vamps on 10 February 2014, 20:58:56
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No, not me, sadly............... :y :y
Master Vamps has worked for this company for almost 4 years, today he has been told that the company is going to cease trading, it hasn't gone bankrupt but there is no money in the company........... :( :(
My question is; is he entitled to any redundancy / severance pay? assuming they have the money to pay it........ :(
It is / was My brother and his wife's company, tbh the writing has been on the wall for a while as my brother returned to 'Trucking' some months ago, so no heavy handed tactics will be used...... :y :y
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Sorry, wrong section...... ::) ::) Would admin please move to general chat, thank's...... :y :y
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If the company is skint he can claim redundancy, notice and holiday payments via the approved government scheme
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Admin note - Moved as the originator is going senile
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How old is Master V? If I remember correctly Redundancy entitlement begins at 18 then half a weeks wages for every year until 21 then one week for every year up until 41 then a week and a half for every year until the end
https://www.gov.uk/calculate-your-redundancy-pay
Will tell you all you need to know
HTH
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Admin note - Moved as the originator is going senile
You have been talking to swmbo....... ;) :D :D
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As has been said, there is a government scheme for this.
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Pay is capped at £450 per week. Length of service is capped at 20 years.
The maximum amount of statutory redundancy pay is £13,500
Years of service or earnings over these amounts aren’t included in the calculation.
You can’t get less than the statutory amount but you may get more if your employer has a redundancy scheme. Redundancy pay up to £30,000 is tax-free.
Your entitlement is 2.0 weeks.
You get:
0.5 week’s pay for each full year worked when you’re under 22
1 week’s pay for each full year worked when you’re between 22 and 41
1.5 week’s pay for each full year worked when you’re 41 or older
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Thanks for the advice and link, he is rising 22 so about 2 weeks max.......... ;) ;)
I said to swmbo there is very little you can't find out on here...... :y :y
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He's young so hopefully he will spring in to another job, tell him if he thinks it is hard wait until he gets proper old and it's flippin' murder :'( :'(
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So nine hundred pounds on the government scheme (if hes earning more then 450 a week)
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He will be entitled to a notice period or money in lieu of notice
He may have had the notice or there may be no wedge for that
I don't think the gov covers lieu of notice money :'(
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So nine hundred pounds on the government scheme (if hes earning more then 450 a week)
I don't think he earns much more that the minimum wage, regardless of how much overtime he worked, that said he is tight and has good bank balance for a young lad...... :y :y
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He will be entitled to a notice period or money in lieu of notice
He may have had the notice or there may be no wedge for that
I don't think the gov covers lieu of notice money :'(
He is under notice now, this is likely to be at least a month as they have to give notice on the 'Unity' they lease, now on a month to month deal...... :)
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So nine hundred pounds on the government scheme (if hes earning more then 450 a week)
I don't think he earns much more that the minimum wage, regardless of how much overtime he worked, that said he is tight and has good bank balance for a young lad...... :y :y
Daddy's boy. ;)
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Ah well, sometimes the notice is better than the money, he can look while he is still earning
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So nine hundred pounds on the government scheme (if hes earning more then 450 a week)
I don't think he earns much more that the minimum wage, regardless of how much overtime he worked, that said he is tight and has good bank balance for a young lad...... :y :y
Daddy's boy. ;)
No chance with my daughter!!!!............... :D :D
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Ah well, sometimes the notice is better than the money, he can look while he is still earning
Always easier to find work when you are in it......... :y :y
If stuck I can point him to some work but would be on Zero Hours and minimum wage.......... :( :( Early day's yet, just need to put the feelers out...... ;) ;)
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How could you point your own son towards a zero hours contract >:(
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It's better than nothing surely? ::) :-\
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He's young so hopefully he will spring in to another job, tell him if he thinks it is hard wait until he gets proper old and it's flippin' murder :'( :'(
Tell me about it bud :(
Even better when you tell the potential employer that you have been your own boss for over 20 years and have no references :(
Normal reply is a smug grin across the desk and a polite "shut the door on the way out" answer.
That's if you manage to get through the door that is >:( >:(
All the best to your lad Vamps
Hope he is one of the lucky ones :y :)
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How could you point your own son towards a zero hours contract >:(
Because its better then a kick in the slats while he looks for something else ;)
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How could you point your own son towards a zero hours contract >:(
You get good and bad zero hour contracts, like all jobs, it depends how good the agency or employer is.
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How could you point your own son towards a zero hours contract >:(
Better than nothing.......... ::) ::) The right kind of young lad his age, into sports and young peoples things, Male, I can find work for, sadly all Zero Hours but in reality good few hours, potential for 60 or 70 or more hours during school holidays; self employed or via an agency, your choice, anyone interested?............... :y :y
I wouldn't necessarily recommend it, more suited for a student, but we, as a family have a 'do whatever is necessary culture' as in our experience it is much easier finding a Job when you are doing something, shows the work ethic........... :y :y