Employees who are made redundant before 1 st october 2006, and whose service ends on or after their 65 th birthday. with balloon payment The rights to redundancy payments and collective consultation are claimed separately from unfair dismissal. Pension credit. Payments and insolvency payments to employees when a company because formally insolvent or in financial difficulties.

As well as a redundancy payment, your employer should give you proper notice of termination of employment or pay in lieu of notice. Further information is available in the document redundancy redundancy entitlement - statutory rights. What is the current weekly limit for redundancy pay?Where am i - redundancy pay. Finance calculator. The department of trade and industry redundancy payments service: management and recovery of debt. The rules on length of continuous service are described briefly in the what are the payments?

The interactive calculator can tell you how much statutory redundancy pay you might be entitled to. For each complete year of continuous service between the ages of 22 and 40, you will receive one week's pay. The advisory, conciliation and arbitration service acas offers free, confidential and impartial advice on all employment rights issues. Years of age, you will receive 1½ weeks' pay for each completed year of service.