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Apr 2024: £91,346 5.5% In ... equivalent to an annual salary increment of over £12,000 at current tax rates and pay scales. ... at double the statutory redundancy ...
The maximum amount of statutory redundancy pay is £17,130. ... the rate for the severance payment to be paid shall be 3 times local average monthly salary and shall ...
Compensation mainly consists of a "basic award" equivalent to statutory redundancy pay of, as at 2009, up to £10,500, plus a "compensatory award" for loss of earnings, statutory rights and benefits and for expenses, of up to £66,200, or unlimited where the dismissal was due to health and safety, whistleblowing or union work.
The Redundancy Payments Act 1965 (c. 62) was an act of the Parliament of the United Kingdom that introduced into UK labour law the principle that after a qualifying period of work, people would have a right to a severance payment in the event of their jobs becoming economically unnecessary to the employer. The functions of the redundancy ...
The Official Controls (Import of High-Risk Food and Feed of Non-Animal Origin) (Amendment of Commission Implementing Regulation (EU) 2019/1793) (England) Regulations 2024 121: The Statutory Paternity Pay (Amendment) Regulations 2024 122: The Worcester (Electoral Changes) Order 2024 123: The Shropshire (Electoral Changes) Order 2024 124
In 2002, the Court of Appeal ruled in a case brought by staff employed at Albion's Farington site in Lancashire, Albion Automotive Ltd w. Walker and others, [1] that a contractual term entitling employees to an enhanced redundancy payment could be implied into the employees' contracts of employment based on the employer's custom and practice.
However, there is an upper limit set on what can be considered a week's pay, which is approximately the same as a week on the minimum wage (if you were made redundant on or before 31 January 2011, it was £380 per week – from 1 February 2011 to 31 January 2012, it was £400 – currently it is £508, before tax).
However, for fathers ordinarily, the position is less generous. The Paternity and Adoption Leave Regulations 2002 entitle a father to 2 weeks leave, at the statutory rate of pay. [135] Both parents may also take "parental leave". [136] This means that, until a child turns 5, or a disabled child turns 18, parents can take up to 13 weeks unpaid ...