£350 or £380

  1. #1
    dave2607 dave2607 is offline Junior Member
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    Default £350 or £380

    Hi,

    I volunteered for redundancy last week and my finishing date is 07/10/09. Was just wondering am I entitled to £350 per year service or £380 that comes in on 01/10/09?

    Cheers Dave

  2. #2
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    Employee Advisor Employee Advisor is offline Expert Advisor
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    Default

    Thank you for your message.

    From 1 October 2009, the weekly limit used to calculate statutory redundancy pay will increase from £350 to £380.

    If your effective date of termination is 7th October, you should receive the higher rate of statutory redundancy pay.
    Clara Buckingham

    (Any advice I submit to Redundancy Forum is given in good faith without any further liability or obligation).




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