The Book-keepers Forum (BKF)

Post Info TOPIC: Redundancy


Veteran Member

Status: Offline
Posts: 42
Date:
Redundancy
Permalink Closed


Hi guys,

Really hoping someone can help me out, it's my first time dealing with rendundancy payments.  An employee has just been made redundant and I'm trying to work out his final pay.  As I understand it he is entitled to two weeks salary as he has worked over two years andt his is liable to pay paye and nic on this.  He also gets two weeks payment in lieu of notice which is not liable to paye or nic.  As he usually receives a gratuity would this be a compulsory payment?  He does not receive gratuity whilst on holidays, only the weeks he actually worked.  There is no provision in his contract in regards to gratuity payments.  Ive found conflicting info online as to whether additional money this should be paid.  Also am I correct in thinking that the date on his P45 would be the end of his notice period rather than his last actual day of work?  I hope this makes sense and any advice would be great.

Thanks in advance



__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.

Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About