Redundancy occurs when a business no longer requires an employee to carry out a particular type of work.
There is a minimum amount (statutory) an employer can pay in redundancy and you will most likely receive more. Any additional payments are at the discretion of the employer and normally tax free.
It will depend on your contract of employment, salary and the amount of years with your employer. You need to be at least 2 years with your employer before you qualify for redundancy.
If you have a redundancy or settlement agreement you will need to be independently advised so there is no adverse influence. The agreement can be signed at the same time. Any fees are usually paid by the employer.
In the first place please contact me using our online enquiry form or call on 0208 789 2556 or 07851306136.
We are available daytime, evenings and weekends to advise you of the terms of the agreement and allow immediate signing.