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Farm Business
Agricultural Matters
Redundancy
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<blockquote data-quote="ste" data-source="post: 6599563" data-attributes="member: 271"><p>That's the statutory redundancy i.e the minimum that they have to pay by law, there's nothing to stop an employer paying more if they want to, and as has been said up to £30k is tax free. If you fill in the calculator on the Gov site this gives you what they have to pay by law, as age comes into the calculation too (i'd worked at my co for 7 years but was due 9 years worth of redundancy due to each year I work above the age of 41 counting as 1.5 years)</p><p></p><p>Ours paid redundancy at the statutory rate and outstanding holiday at the full rate (just under twice as much).</p></blockquote><p></p>
[QUOTE="ste, post: 6599563, member: 271"] That's the statutory redundancy i.e the minimum that they have to pay by law, there's nothing to stop an employer paying more if they want to, and as has been said up to £30k is tax free. If you fill in the calculator on the Gov site this gives you what they have to pay by law, as age comes into the calculation too (i'd worked at my co for 7 years but was due 9 years worth of redundancy due to each year I work above the age of 41 counting as 1.5 years) Ours paid redundancy at the statutory rate and outstanding holiday at the full rate (just under twice as much). [/QUOTE]
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