If you’re being made redundant, you might be entitled to redundancy pay. You’ll only get redundancy pay if it is a genuine redundancy – check if your redundancy is fair. There are 2 types of redundancy pay you could get: ‘statutory’ redundancy pay – what the law says you’re entitled to.
When to apply for Fair Work redundancy pay?
Employees who were made redundant before 31 December 2014 may have been entitled to more generous redundancy pay under an old award. If you think this may apply to you or for more information, Contact us. An employer can apply to the Fair Work Commission to have the amount of redundancy they have to pay reduced if:
How is base rate of pay and redundancy pay calculated?
Base Rate of Pay x Redundancy Pay Period = Redundancy Pay. If you have been made redundant, you usually have the right to receive redundancy pay (also known as severance pay). This pay is generally calculated depending on your period of employment.
What do you get if you are made redundant in Northern Ireland?
A redundancy payout is essentially compensation for your loss of work. Here’s how it works: You get statutory redundancy pay as a minimum, provided you’ve worked for your employer for two years or more. The limit is currently £538 a week (£560 in Northern Ireland) if you were made redundant on or after 6 April 2020.
Where can I get a copy of my redundancy agreement?
If there isn’t a union at your work, you might have an employee representative to help you understand the redundancy agreement. If you don’t have any representatives at work, contact your nearest Citizens Advice. Ask your employer for a copy of your redundancy agreement for an adviser to look at.
How does bumping work in a redundancy process?
Bumping occurs where an employee who is at risk moves into another role which is not redundant and the employee in that role is dismissed instead. Although a bumped redundancy can be fair, an ordinary redundancy will not necessarily be unfair just because bumping was not considered.
