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Director Redundancy

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Utilising our years of insolvency experience we have developed a database of frequently asked questions.

Questions related to Director Redundancy
Do I qualify for director redundancy?

In order to qualify for director redundancy, you must meet a set criteria.

How much redundancy could I claim?

The amount of redundancy you will be entitled to will be based on a variety of factors including your age, length of service, and the salary you paid yourself through the company.

What can director redundancy pay be spent on?

At a time when money is likely to be tight, a redundancy payment could be a much-needed lifeline.

What is director redundancy?

Director redundancy is similar to staff redundancy in that it provides a financial lifeline to individuals who have lost their job through no fault of their own.

Where does the money for director redundancy come from?

Typically when a company makes redundancies, it is the responsibility of the company to pay for all redundancy costs.

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Our FAQ’s cover different types of liquidation routes subject to the financial health of your business, company rescue options and director redundancy.

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If you are considering liquidation for your company, taking expert advice at an early stage is crucial. At UK Liquidators, our team of licensed insolvency practitioners are committed to providing limited company directors with the help and advice they need to make an informed decision.

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