Redundancy Blues ...

The irony I note is that all of a sudden Truxx, who has been giving "advice" that I think is wrong, is telling somebody not to take advice from the internet.
And my advice is get a shit hot accountant.

Or at least talk to one. Costs nothing initially.

If I can be arrsed I will find the HMRC guidance on start ups.

But then again I might be washing my hair.
 
Ahh here we go @Bravo_Bravo

Overall link here: What if I make a loss? | Low Incomes Tax Reform Group (one of many similar links as it happens)

Specific to early years: (from the link above)

"Use a loss in the early years (first four) of a trade

A loss incurred in the first four tax years of a trade may be carried back and set against the general income of the trader for the three previous tax years, using the earliest years first.

I have had income and losses as follows. Can I get tax relief?

Tax Year
Profit/(loss)


Employment Income


2013/14
£30,000


2014/15
£35,000

2015/16
£6,000
£9,000

2016/17
(£20,000)

You can claim tax relief for the loss of £20,000 incurred in 2016/17 as a loss in the early years of trade. The loss is carried back three tax years to 2013/14 and set against your total income for that year of £30,000. The loss claim reduces the taxable income in 2013/14 to £10,000 from £30,000, and so the tax due for that year is recalculated. This means tax will now be overpaid for that year and this will be refunded."

Off to wash my hair now.
 
Ahh here we go @Bravo_Bravo

Overall link here: What if I make a loss? | Low Incomes Tax Reform Group (one of many similar links as it happens)

Specific to early years: (from the link above)

"Use a loss in the early years (first four) of a trade

A loss incurred in the first four tax years of a trade may be carried back and set against the general income of the trader for the three previous tax years, using the earliest years first.

I have had income and losses as follows. Can I get tax relief?

Tax Year
Profit/(loss)


Employment Income


2013/14
£30,000


2014/15
£35,000

2015/16
£6,000
£9,000

2016/17
(£20,000)

You can claim tax relief for the loss of £20,000 incurred in 2016/17 as a loss in the early years of trade. The loss is carried back three tax years to 2013/14 and set against your total income for that year of £30,000. The loss claim reduces the taxable income in 2013/14 to £10,000 from £30,000, and so the tax due for that year is recalculated. This means tax will now be overpaid for that year and this will be refunded."

Off to wash my hair now.
The same link I've recently seen.

You are right, I was wrong - apologies and thanks.
 
Trite I know, but when the latest round of redundancies was going on in the Army, I overheard a normally gruff Warrant Officer giving some advice to a distraught Cpl who had evidently been selected against his will:

“Just remember son, your role has been made redundant, not you. You’re still every bit as good as you were yesterday.”

Sage advice.

I would have listened in further, but I was too busy crying at not being selected. :grin:
 
Well that's it, I'm now unemployed.

In the past where a long term employee leaves there was a whip-round, a card signed by all, speech recanting past deeds and funny moments, a presentation of some suitable gift purchased with the proceeds, if you like fishing a new reel etc. Apart from shooting I happen to like watches. You get the idea.

I wasn't the only one being made redundant that day, both of us got this so it wasn't just me. Moral is now so low now that non of the mangers bothered to be there, a card signed by just my immediate team (only got that because a friend botherd), no whip-round, no presentation or speech, no gift feck all. I was given the card by a junior manager rather apologetically with a mumbled 'this has been handled poorly'. Everyone there said it was piss poor and they were all disgusted. If I was not liked I could see that of course but that was not the case, I know I was well liked and respected. I just left my keycard and walked out the door alone. Half angry half in tears and I'm a strong chap so it takes a lot to do that to me!

So that's what I'm worth after 25 years service?

Screw 'em!
 
Well that's it, I'm now unemployed.

In the past where a long term employee leaves there was a whip-round, a card signed by all, speech recanting past deeds and funny moments, a presentation of some suitable gift purchased with the proceeds, if you like fishing a new reel etc. Apart from shooting I happen to like watches. You get the idea.

I wasn't the only one being made redundant that day, both of us got this so it wasn't just me. Moral is now so low now that non of the mangers bothered to be there, a card signed by just my immediate team (only got that because a friend botherd), no whip-round, no presentation or speech, no gift feck all. I was given the card by a junior manager rather apologetically with a mumbled 'this has been handled poorly'. Everyone there said it was piss poor and they were all disgusted. If I was not liked I could see that of course but that was not the case, I know I was well liked and respected. I just left my keycard and walked out the door alone. Half angry half in tears and I'm a strong chap so it takes a lot to do that to me!

So that's what I'm worth after 25 years service?

Screw 'em!
That's the modern way, mucker. Employees are just cost centres now not people. :(
 
Ahh here we go @Bravo_Bravo

Overall link here: What if I make a loss? | Low Incomes Tax Reform Group (one of many similar links as it happens)

Specific to early years: (from the link above)

"Use a loss in the early years (first four) of a trade

A loss incurred in the first four tax years of a trade may be carried back and set against the general income of the trader for the three previous tax years, using the earliest years first.

I have had income and losses as follows. Can I get tax relief?

Tax Year
Profit/(loss)


Employment Income


2013/14
£30,000


2014/15
£35,000

2015/16
£6,000
£9,000

2016/17
(£20,000)

You can claim tax relief for the loss of £20,000 incurred in 2016/17 as a loss in the early years of trade. The loss is carried back three tax years to 2013/14 and set against your total income for that year of £30,000. The loss claim reduces the taxable income in 2013/14 to £10,000 from £30,000, and so the tax due for that year is recalculated. This means tax will now be overpaid for that year and this will be refunded."

Off to wash my hair now.
Not sure if you can get tax relief, but with that tale of mediocrity you might have some luck with a Just Giving page.
 

Wordsmith

LE
Book Reviewer
Well that's it, I'm now unemployed.

Screw 'em!
From the timeline of this thread, it all seems a bit swift. Your redundancy payment should have been on top pf your normal notice period. Which was probably 12 or 13 weeks (a week for every year of service up to a total of about 3 months).

My redundancy package included £500 to get legal advice on the terms: did they give you an adequate period to make sure it was all being done legally and fair and square?

Wordsmith
 
I just left my keycard and walked out the door alone. Half angry half in tears and I'm a strong chap so it takes a lot to do that to me!

So that's what I'm worth after 25 years service?

Screw 'em!
I don't blame you for being upset - what an absolutely shitty way to do it.

Perhaps at some time in the future they will have a major cockup and ask you to help them out - that would be sweet.

I took early retirement after 23 years and told the bloke that I worked with that he could call me if he was really stuck, which he did about six times, but then we used to meet for a few pints once a month after I'd left.

As you said - screw them.
 
Well that's it, I'm now unemployed.

In the past where a long term employee leaves there was a whip-round, a card signed by all, speech recanting past deeds and funny moments, a presentation of some suitable gift purchased with the proceeds, if you like fishing a new reel etc. Apart from shooting I happen to like watches. You get the idea.

I wasn't the only one being made redundant that day, both of us got this so it wasn't just me. Moral is now so low now that non of the mangers bothered to be there, a card signed by just my immediate team (only got that because a friend botherd), no whip-round, no presentation or speech, no gift feck all. I was given the card by a junior manager rather apologetically with a mumbled 'this has been handled poorly'. Everyone there said it was piss poor and they were all disgusted. If I was not liked I could see that of course but that was not the case, I know I was well liked and respected. I just left my keycard and walked out the door alone. Half angry half in tears and I'm a strong chap so it takes a lot to do that to me!

So that's what I'm worth after 25 years service?

Screw 'em!
A whole load of us were TUPEd a few years back then many laid off a year later. We had all stayed doing our old jobs but those who got laid off got no card or pressie. Interestingly two of those that remained were former returnees who had resigned and then came back by their own requests. It occurred to me when they had resigned there had been whip-rounds for quite lavish gifts plus leaving drinks on the company.

Seems odd that those who had decided to walk out and then came crawling back had been treated so well while those that stuck it out were simply shown the door. I (having stayed on the account) resolved not to chip in if/when either of the two decided to resign again.
 
It is a crappy way to wave someone off. I wouldn't be surprised to learn that HR advice is not to have a present/card because it might a) admit 'liability' or 'regret' b) admit it's about the person, not the role.

I was talking to an old boss & director last week and they mumbled and dodged the question....

If you want to, arrange a pub visit in a couple of weeks or so. Or tag along to a usual friday drink.

(I'm still bitter about not getting a card/pressie from previous jobs, by the way!)

Good luck, enjoy a bit of a rest
 
I just left my keycard and walked out the door alone. Half angry half in tears and I'm a strong chap so it takes a lot to do that to me!
Did you take the opportunity to shit in your boss's desk drawer and snap the key off in the lock?
 
Well that's it, I'm now unemployed.

In the past where a long term employee leaves there was a whip-round, a card signed by all, speech recanting past deeds and funny moments, a presentation of some suitable gift purchased with the proceeds, if you like fishing a new reel etc. Apart from shooting I happen to like watches. You get the idea.

I wasn't the only one being made redundant that day, both of us got this so it wasn't just me.

Moral is now so low now that non of the mangers bothered to be there, a card signed by just my immediate team (only got that because a friend botherd), no whip-round, no presentation or speech, no gift feck all.

I was given the card by a junior manager rather apologetically with a mumbled 'this has been handled poorly'.

Everyone there said it was piss poor and they were all disgusted.

If I was not liked I could see that of course but that was not the case, I know I was well liked and respected.

I just left my keycard and walked out the door alone.

Half angry half in tears and I'm a strong chap so it takes a lot to do that to me!

So that's what I'm worth after 25 years service?

Screw 'em!

You seem to be under some illusion that anyone GAF about you?....and I think you find out how well liked you were/are by the bods giving you their mobile and offering to have a beer with you, not judging it by your own standards.

It appears that a phone box seems to be big enough for that leaving pi55 up , and as for being a strong chap, hmm? yes, your teary exit shows the opposite....... bet you never even stole anything good on the way out or left some kind of delayed action bomb/glitch in the IT system.

Man the feck up amigo, - still at least you left them something to laugh and talk about on the next work day about as they watched your pathetic hang dog expression as you slunk out like a whipped cur.

FFS Mate, you should have bluffed the feck out of it and smiled like a lottery winner on speed and left with a cheery 'So long suckers, you can all kiss my arrse'...followed by a cheeky wink.

Good luck, don't let the feckers get to you .... oh wait!
 
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Well that's it, I'm now unemployed.

In the past where a long term employee leaves there was a whip-round, a card signed by all, speech recanting past deeds and funny moments, a presentation of some suitable gift purchased with the proceeds, if you like fishing a new reel etc. Apart from shooting I happen to like watches. You get the idea.

I wasn't the only one being made redundant that day, both of us got this so it wasn't just me. Moral is now so low now that non of the mangers bothered to be there, a card signed by just my immediate team (only got that because a friend botherd), no whip-round, no presentation or speech, no gift feck all. I was given the card by a junior manager rather apologetically with a mumbled 'this has been handled poorly'. Everyone there said it was piss poor and they were all disgusted. If I was not liked I could see that of course but that was not the case, I know I was well liked and respected. I just left my keycard and walked out the door alone. Half angry half in tears and I'm a strong chap so it takes a lot to do that to me!

So that's what I'm worth after 25 years service?

Screw 'em!
Sounds like your better off out of it mate. It hurts now but it is an opportunity. Good luck!

Sent from my SM-N910F using Tapatalk
 
Well that's it, I'm now unemployed.

In the past where a long term employee leaves there was a whip-round, a card signed by all, speech recanting past deeds and funny moments, a presentation of some suitable gift purchased with the proceeds, if you like fishing a new reel etc. Apart from shooting I happen to like watches. You get the idea.

I wasn't the only one being made redundant that day, both of us got this so it wasn't just me. Moral is now so low now that non of the mangers bothered to be there, a card signed by just my immediate team (only got that because a friend botherd), no whip-round, no presentation or speech, no gift feck all. I was given the card by a junior manager rather apologetically with a mumbled 'this has been handled poorly'. Everyone there said it was piss poor and they were all disgusted. If I was not liked I could see that of course but that was not the case, I know I was well liked and respected. I just left my keycard and walked out the door alone. Half angry half in tears and I'm a strong chap so it takes a lot to do that to me!

So that's what I'm worth after 25 years service?

Screw 'em!



Mate. I have been there, as I mentioned on my earlier post. You did not become an idiot overnight. Take a break and dont think of it as a reflection on you, but rather an indication of how crap your employer is.

Go and recharge the batteries. You will get back on your feet !!

All the best
 
Be careful not to email stuff to yourself at home, some it systems police this sort of traffic and I've seen a few folk escorted off the premises for gross misconduct and not a penny paid. Luckily the firms I've had problems with have been crap at this and as I've had to use a g mail address for work as it was useless means I keep everything backed up on hard drives going back years.
very handy when the he said she said finger pointing starts
Strangely enough, when most of my (IT) department was out-sourced I was made aware that one of the hidden reasons for company email accounts being continually emptied of messages more than twelve months old was for HR purposes, in case information was used against the company. The policy was supposedly implemented to save on disk and tape storage costs, but as storage costs plummeted this seemed strange.

Normal users did not have rights to make their own email backups, and a couple of times stored backup tapes (which must be kept for sometime, legally speaking) were 'coincidentally' found to be unreadable after several years, in order to assist the company in disputes against workers. I was happy to have left that particular employer.

Edit: Having read further through the thread... Beware of 'use of company systems' clauses in the employment contract, or added as supplementaries later on (as if one had any choice but to sign...). Typically they would include something about not placing company information/data on systems outside the company infrastructure ie. a usb-key, or Google drive etc etc. It would be a little annoying to be able to prove one is owed a better severance-deal, only to be fired for gross-misconduct, with zero compensation, because the relevant file or email was removed in contravention of an obscure bit of legal waffle.
 
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