In many redundancy scenarios, employees can be left with unclear answers. Usually about how much they can expect to receive, who the payment comes from and timing of payments.
Why should employees feel like they’re left in the dark when it comes to how their claims are processed and calculated in insolvency?
However, in many redundancy scenarios, employees can be left with unclear answers. Usually about how much they can expect to receive, who the payment comes from and timing of payments.
Whilst the government (in the form of the Redundancy Payments Service) issues guidance for employees and provides contact numbers for individual offices, those with experience of attempting to contact them will appreciate how difficult, time consuming and frustrating this can be!!
Payments are made up of arrears of wages, accrued holiday pay, notice pay and redundancy (subject to length of service). The Redundancy Payments Service will pay each element of claim up to a maximum of £430 per week.
At Wilson Field Limited we appreciate the devastating effect redundancy can have to individuals and families and therefore we prioritise employee claims to ensure they receive their entitlement as quickly as possible and also provide support and assistance to individuals.
So to make the process run as smoothly as possible, here are a few guideline points;
Return your RP1 form to the Insolvency Practitioners office as soon as possible
Ensure your RP1 form is completed as fully as possible
Don’t be afraid to ask questions-call the Insolvency Practitioners office and ask for help
Understand your claim and its different elements
Never send your RP1 direct to the Redundancy Payments Service
Don’t forget to return all forms
Acknowledgement of the payment you will receive will be sent direct to employee’s from the Redundancy Payments Service
Notice pay is subject to deductions such as jobseeker’s allowance, irrelevant of whether you’ve claimed. Therefore ensure you sign on if entitled.
Check your payment once received; contact the Insolvency Practitioner if incorrect
You should check dividend prospects with the Insolvency Practitioner regarding any balance of your entitlement