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Old 26th October 2009 | 10:06
  #17 (permalink)  
passy777
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Joined: Feb 2008
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From: Durham/UK
@CharlieGolf

The absolute minimum is not one wek's salary per year but pnds 240 per year of service ( from memory this being an arbitrary figure figure set by some previous government )
CharlieGolf is actually correct.

If someone who has been made redundant earned £200pw for example, that is the amount they will receive for every years service. There is a maximum of £380.00pw which was recently raised by this government (providing they are over 22 and under 41 where age will determine an increase or decrease in a percentage of those figures). One also must have completed two years of service to qualify for redundancy payments.

Of course if one earns more than £380pw, unfortunately, that will still be the maximum they will receive with a cut off at 20 years of service.
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