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How much redundancy could I claim?

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Calculating your redundancy pay

Written by Jonathan Munnery

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. Length of service is capped at 20 years, and there is also a weekly wage limit.

As well as redundancy, you may also be able to claim for a number of additional statutory entitlements including notice pay, holiday pay, and unpaid wages. Although these additional elements will be subject to tax, they could increase your total pay-out by a considerable amount.

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
Common Liquidation Questions
Do I qualify for director redundancy?

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

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.

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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