Discuss Redundancy in Jobs (Discussion) on The Army Rumour Service; Ok gents this may not be the right place but I need some advice.
I will be made redundant in 3 weeks, I am ok with this but my current employer is going to pay ...
Ok gents this may not be the right place but I need some advice.
I will be made redundant in 3 weeks, I am ok with this but my current employer is going to pay me off over 23 weeks, rather than in a lump sum. I am going to CAB and ACAS about this but does anyone know if he should pay a lump sum or can he dribble it?
Will each 23 week payment be individually taxed? Tell them you want it in a oner, if you get another job after you've been laid off, you'll be taxed twice. If you don't get a job, then that will affect your job-seekers or whatever freeloader hand outs the Gov gives you cos you'll still be getting paid by this guy.
I don't actually know the answer but I'd want it in a oner. I've had a lot of coffee this morning sorry
Not legal advice, but I hope this may help, pending the arrival of an expert in this field!
When I last looked into this, I found nothing in principle to prevent an employer paying redundancy payments by instalment. You can take them to the employment tribunal for non-payment, but that takes time and the payments might be complete by the time a hearing takes place. Catch-22 is that unless there are very exceptional circumstances, there is a three month time limit in which to raise a grievance.
Fair points from PG, but I believe that a redundancy payment of less than 30K should not be subject to PAYE/income tax or NIC, even if paid by instalments. Similarly, the instalments should not be treated as income for the purpose of means-tested benefits, but may have an effect on capital.
Citizens Advice Beaureau may be worth it, but I would think you could take legal advice, if its money owed it may be worth calling up a debt collection agency and consulting with them as well as its their job to hustle (not that I like the cnuts in particular), just get some advice from them and than perhaps look at your options (court?).