WebHow much statutory redundancy pay you get depends on: how long you’ve been in the job the age you were in each year you worked there, and your current salary – up to a maximum of £571 a week in 2024/23 (£594 in Northern Ireland). There is an overall maximum amount of redundancy pay you can get. WebIf your gross weekly pay is more than £643, you can only claim up to £643 a week. If you were dismissed between 6 April 2024 and 5 April 2024, the amount is £571 a week. If you’ve worked for your employer for at least 2 years and work regular hours, you can calculate your basic award on GOV.UK - it’s the same as statutory redundancy pay ...
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WebOct 1, 2024 · In order to qualify for a statutory redundancy payment, an employee must have 104 weeks continuous employment, be an employed contributor in employment which was insurable for all benefits under the Social Welfare Acts and be over the age of 16. WebAug 12, 2024 · The redundancy terms include six weeks basic pay per year of service, in addition to statutory redundancy. The bank said there will be a minimum payment of €17,500, plus statutory - if an... bismuth therapie
How USC affects redundancy payments - Revenue
WebJun 9, 2024 · June commenced employment on 29/01/2001, was given notice of termination by her employer on the 15/01/2024 and was made redundant on the 29/01/2024. June’s gross weekly wage was €761.92. Under this scheme June’s gross weekly wage is capped at €600. Wage was capped at €600 per week. WebAug 10, 2024 · Collective Redundancy in Ireland. You will also need to confirm if the proposed redundancies constitute a collective redundancy. A collective redundancy is one where: 5 employees are made redundant where 21-49 are employed. 10 employees are made redundant where 50-99 are employed. 10% of the employees are made redundant … WebCalculate your statutory redundancy pay Calculate how much statutory redundancy you can get. It’s based on age, weekly pay and number of years in the job. Your weekly pay is the … bismuth theme