At the end of August I was made redundant from High Storrs school after 33 years. I was given my minimum legal redundancy payment and led to believe that the cost of living increase, due from April, would be paid in due course. I have been doing supply teaching and last week I was in a school as the pay slips were being given out. There was some
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Another thought:
> ... my minimum legal redundancy payment ...
Is this figure calculated as a function of your salary at the time of redundancy? And could a case be made for this figure to be recalculated, and any difference paid to you?
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Redundancy payments are based on pay up to a statutory maximum (less than half my actual salary) employers can pay more than this if they wish. Sheffield did not so wish. I am entitled to no more redundancy money, however I will be entitled to an increase and back pay on my pension.
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Week's salary is defined as your average salary (lots of small print) but is capped at a maximum (currently) of £310/week (so roughly 16k/year, whereas the average UK income is 22k) ... however it *is* tax free, so when you deduct the tax payments from the 22k, you end up with 16k or thereabouts. (and if you would have been a 40% tax payer but only get six months pay and then a big redundancy, you can end up with a reasonable income without going into the 40% tax bracket that year, so check your tax code!)
When GE made me redundant, they (at their option) paid me one month per year for the 12 years.
Any redundancy payment over (approx) £30k does attrack tax ... but my colleague who had 20 years and only one year before retirement, got them to pay the excess over 30k as pension contributions and so it went in tax free, increased his pension and he ended up a fair bit better off.
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Go get 'em.
(Edited for aberrant apostrophe.)
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