Understanding my redundancy pay

claret_n_Blue

Free Member
Feb 15, 2017
44
3
Hey everyone,

Hope this is the right forum to post in, if not, please let me know.

I was handed a notice of redundancy today. Part of the notice was a contract that says what I will get in my redundancy package. I think as I received my notice today, today is my notice date. My contract says I have a one month notice period.

I am taking pay in lieu of notice, so I will receive my full notice pay, however I will cease to be an employee as of the 30th June.

I earn £39,000 a year and my pay in lieu of notice is being given to me at £3,100.

Where has this figure come from?

Because it's slightly less than the full month of July's pay (as that should be £39k / 12 = £3,250), but it's more than just 26 days of July that I assume my notice period is covering.

Does anyone know how this is being calculated? I would just like to ask someone on the outside before I ask my company incase there is a mistake and so I am better prepared for it.
 

Lisa Thomas

Business Member
Business Listing
Apr 20, 2015
5,462
1
1,444
www.parkerandrews.co.uk
redundancy pay and notice pay are two different things, you haven't mentioned the redundancy pay?
 
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Newchodge

Moderator
  • Business Listing
    Nov 8, 2012
    22,724
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    Newcastle
    How long have you been employed?
    In an ideal world your letter should state:

    1 month notice paid in lieu 3250 (or whatever is on your monthly payslip)
    Oustanding holiday pay/ holiday taken but not accrued £* or -£*
    Total, subject to tax and NI
    Redundancy pay * weeks @ £* per week.
     
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