When an employee’s job is made redundant their employer has to give them redundancy pay, also known as severance pay. Use our Notice and Redundancy Calculator to calculate redundancy pay. Redundancy pay doesn’t need to be paid in some circumstances eg. by some small businesses and to casual employees.
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.
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 much can you claim from national insurance if you are made redundant?
If you’re owed wages or holiday pay from a firm that’s gone bust, you can also claim the following from the National Insurance Fund via the Redundancy Payments Service. Unlike redundancy pay, this is taxed, though it does use the same ‘maximum’ rule of no more than £538 a week (£560 in Northern Ireland).
What is notice of termination and redundancy pay?
Notice of termination and redundancy pay forms part of the National Employment Standards (NES). The NES apply to all employees covered by the national workplace relations system, regardless of any award, agreement or contract.
When does continuous service count for redundancy pay?
Continuous service is the length of time they are employed by the business and doesn’t include unpaid leave. Read about whether casual service counts for redundancy pay in our Library.
