Redundancy pay calculation

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Discussion

liner33

Original Poster:

10,693 posts

203 months

Monday 17th November 2014
quotequote all
My wife's job has been put at risk and she has been offered a significant promotion to a new role but its clear that the company will continue to restructure and outsource her department so it may well only be a short stay of execution.

She has been with the company for 7 years so will qualify for a redundancy payment

Is there a minimum amount of time she will need to be in her new role for her new salary to be used in the calculations??

liner33

Original Poster:

10,693 posts

203 months

Monday 17th November 2014
quotequote all
Cheers guys , I thought they had to use the final salary but wasn't sure , she earns what PH considers to be a good salary so I expect there may well be tax implications and possible some kind of enhanced scheme since she is senior management but we will see

liner33

Original Poster:

10,693 posts

203 months

Tuesday 18th November 2014
quotequote all
US firm if that makes any difference

Although her boss has announced her new role throughout the company but she has yet to receive a formal offer has only a draft job description