RKEY,RKEYGetting made redundant is,longchamp spaccio, for most people,ray ban outlet, no fun,longchamp borse. It usually comes as a shock,polo ralph lauren outlet, even if employees already suspected something wasnt right at their place of work,polo ralph lauren outlet. Of course,oakley radar, for a few people,oakley outlet, getting made redundant is the best thing in the world and presents them with an opportunity to reinvent themselves or go off and discover the world,chanel pas cher. But assuming you are not one of those people and it has all come as a bit of a shock,longchamp roma, here are a few tips about redundancy that just might come in useful:
You are being made redundant and being dismissed from the company and not resigning,ray ban wayfarer. If you are invited to leave the company by taking voluntary redundancy – this usually qualifies as a dismissal by reason of redundancy
You have at least 2 years continuous service
You are working under a contract of employment,sac chanel pas cher, which can be either written, verbal or a combination of both
So the next question is how much am I going to get,occhiali carrera online?
This can vary enormously depending on your employer,ray ban wayfarer. It can range from the statutory minimum to whatever the employer has put in the contract,sac chanel pas cher. Whatever the payment amount,longchamp borse, the first thing to know is that only the first £30,oakley outlet,000 is exempt from tax,lunettes chanel. If you are lucky enough to receive any more than this then the tax man will want a share and your redundancy payment will be taxed at your highest rate,carrera online.
If you are being paid the statutory minimum there are a number of factors taken into consideration,longchamp outlet,A Basic Guide To Redundancy. The final amount will be governed by ,sac chanel pas cher..
How long you have been continuously employed by your employer but with a cap of 20 years for calculating redundancy pay
Your age and how it relates to your continuous service
Your weekly pay but with a cap of £380 per week being the maximum allowable when calculating redundancy pay
If you are wondering what your age has got to do with all this then you should know that the final payment calculation is based upon the following ,carrera occhiali da sole.
You will receive half a weeks pay for every full year you have worked if you are less than 22 years of age
You will receive one weeks pay for every full year you have worked if you are more than 22 but less than 41
You will receive one and a half weeks pay for every full year you have worked if you are over 41 years of age
But dont forget the maximum amount that can be used for your weekly pay calculations is £380,sac chanel, no matter if you earn more than this and the maximum length of continuous employment is capped at 20 years no matter how long you have worked for your employer,carrera occhiali.
There are a number of websites including DirectGov and BIS that provide ready reckoners so that you can work out how much redundancy pay you should receive,polo ralph lauren outlet. Simply follow any of the links below and then follow the simple instructions and you will end up with a final figure,occhiali oakley.
When will I get my money,oakley?
Your employer should make your redundancy payment on the last day you work or as soon as possible after that. If they want to make the payment later then they must discuss this with you and get your agreement,polo ralph lauren. If you feel they are being unreasonable then you may be able to take them to an Employment Tribunal,ray ban wayfarer.
What next,chanel 2013?
If you havent been able to get another job straight away but are looking for work,spaccio occhiali, you should be able to claim jobseekers allowance,sac chanel. If you have paid enough class 1 national insurance contributions,ray ban outlet, you are eligible for contributions-based jobseeker’s allowance worth £47,longchamp outlet.95 a week between the ages of 18 and 24,longchamp outlet, and £60,occhiali ray ban.50 from age 25 onwards,ray ban outlet. The self-employed typically do not pay class 1 contributions so do not qualify,sac pas cher.
Unlike most state benefits contributions-based jobseeker’s allowance isn’t means-tested,longchamp roma, so any statutory redundancy payout won’t affect your entitlement,occhiali oakley. But you won’t receive any benefits until the period covered by any pay you received in lieu of notice has expired,carrera occhiali.
The contributions-based payout only lasts six months,carrera online, after which you can claim income-based jobseeker’s allowance,lunettes chanel, which is targeted at people who haven’t made enough NI contributions,polo ralph lauren, and is means-tested – you will receive less if you have savings over £6,carrera online,000,occhiali oakley, and nothing if you have savings over £16,chaussures pas cher,000,chanel pas cher.
And remember,occhiali ray ban, as clichéd as it sounds there is life after redundancy
The first thing is to try not to panic,sac chanel. Think about what you might say to people if asked what do you do,carrera spaccio? and you are not comfortable with the word redundant,polo ralph lauren,A Basic Guide To Redundancy. If money is your immediate concern then draw up a list of what you are spending and then look for ways to cut costs,occhiali ray ban. There are plenty of tips on the internet to help you do this,lunettes chanel. Try and make sure that you have a minimum of 3 months living costs put away.
Try and stay positive and keep a routine. Get up at a regular time, look after yourself and see if you can find places where you can meet and talk with other people, so that you have regular contact with the outside world. Give yourself a bit of time to come to terms with what has happened and then be proactive in deciding what you want to do next. Whether you decide to follow the same career or try something completely new start looking for opportunities.
If you decide to become self employed make sure you find a good accountant. They will be able to give you advice about setting up your company and ensure that you pay the appropriate taxes at the lowest rates.