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Do I qualify for director redundancy?

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Redundancy Pay for Company Directors


Written by Jonathan Munnery

In order to qualify for director redundancy, you must meet a set criteria. You are likely to have a successful claim for redundancy so long as:

i.     You are on the payroll of your company

ii.     You have a minimum of two years’ service with the company

iii.     You work at least 16 hours per week for the company

iv.     You are employed in more than merely an advisory role

You have a valid contract of employment

Although nobody goes into business expecting their company to fail, UK Liquidators were supportive and helpful through the whole liquidation process, and I would have no hesitation recommending them to others in the same position.
Paul Winter
|
Director
Common Liquidation Questions
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.

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.

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At UK Liquidators, our service is fully partner-led and your case will always be overseen by a fully licensed insolvency practitioner.

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