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Redundancy Calculator
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Redundancy Calculator
The Redundancy Payment Service (RPS) is seeking to streamline its working process for pre-appointment notifications, which will benefit all parties – the RPS, Insolvency Practitioners...
News DetailThis is what the Redundancy Payments Service told us at the end of last week. “RPS will consider each claim carefully before any decision...
News DetailSupreme Court Decision handed down The judgment in Harpur Trust v Brazel has been delivered by the Supreme Court with the Supreme Court dismissing Harpur...
News DetailThe Corporate Insolvency and Governance Act 2020 introduced various measures to help protect companies, which were impacted by the lockdown restrictions during the Covid-19 pandemic....
News DetailWith effect from 6 April 2022 the statutory maximum amount per week is capped at £571. If you were made redundant before 6 April 2022,...
News DetailRPS Policy regarding offset of overdrawn Directors Loan Account balances The basis for the RPS approach is contained in Rules 14.24 (Administration) and 14.25...
News DetailThe Chancellor made his annual Spring Statement speech yesterday where he set out the Government’s tax plan to support the UK economy, businesses and families...
News DetailOn 21 December 2021, the UK government launched a consultation called “The future of insolvency regulation” which proposes significant changes to the way that the insolvency profession...
News DetailThe Divisional Court has held that an administrator is an officer of the company for the purposes of section 194(3) of the Trade Union and...
News DetailWhy is the case interesting? The judgment in Re Farrar Construction Ltd is a welcome authority on the issue of the burden of proof in circumstances where...
News DetailWhy does the case matter? Elser v Sands and others is a relatively rare example of a full-blown trial of fact to determine which creditors...
News DetailIn what appears to be the first reported decision relating to an appeal under section 205(4) of the Insolvency Act 1986 (Section 205), the court...
News DetailThe bounce back loan scheme was one of several financial support systems put in place to help businesses survive the restrictions imposed during the height...
News DetailWith the government support packages due to come to an end, 2022 could be a very busy year in the insolvency arena. This is what...
News DetailFrom April 2022 the changes to Contribution-based JSA are as follows: Contribution-based JSA Personal rates Rates 2021 to 2022 (£) Rates 2022 to 2023 (£) Under...
News DetailIn the previous year the RPS has received a number of fraudulent claims. Although these claims passed the verification checks undertaken by IPs, they were...
News DetailWe understand that two directors of a specialist tuition centre have been banned for a total of 21 years. Aamer Aslam, 39, from Huddersfield, and...
News DetailCFS Redundancy Payments Ltd report that, in Rainford v Dorset Aquatics Ltd, the EAT has upheld an employment judge’s conclusion that a director and shareholder...
News DetailFrom April 2022 the National Minimum Wage and National Living Wage will increase by 6.6 percent from £8.91 to £9.50. In full, the increases are:...
News DetailNotice from Redundancy Payments Service – New Year 2022 Redundancy Payments Service would like to pay as many customers as possible before the banks close for...
News DetailCMC charges for financial products and services claims The FCA has set out new rules for claims management companies (CMCs) to protect consumers against excessive...
News DetailDear IP Publication – Update on Employment Protection Act by the Redundancy Payments Service Company Rescue and Employment Contracts The purpose of this article is...
News DetailUnlike in the past, Directors redundancy claims will no longer be automatically be uplifted to national minimum wage (NMW) unless the Insolvency Practitioner (IP) agrees...
News DetailThe Redundancy Payments Service (RPS) Helpline has now re-opened. RPS can be contacted by calling 0330 331 0020 between the following hours: 9am and 5pm -...
News DetailThe Employment Rights (Increase of Limits) Order 2021 With effect from 6 April 2021 the statutory maximum amount of “a week’s pay” for the purpose...
News DetailSuspicious or fraudulent redundancy payment claims – A reminder of an Insolvency Practitioner’s responsibilities Given recent media reports highlighting suspected fraudulent activity across a range...
News DetailThe FCA have published a consultation paper on proposals to restrict the amount charged by claims management companies. Under the Financial Guidance and Claims Act...
News DetailFrom April 2021 the National Minimum Wage and National Living Wage will increase by 2.2 percent from £8.72 to £8.91. For the first time, the...
News DetailDear IP This article is being issued to clarify the existing position that was set out previously in Chapter 17 Article 46 and to ensure...
News DetailHello to all our visitors from the company liquidation services website. After many years of successfully helping business owners to liquidate their company, we took...
News DetailChanges to the reference period used to calculate the rate of holiday pay following redundancy (for those with variable weekly pay): Redundancy Payments Service process...
News DetailChanges to the reference period used to calculate the rate of holiday pay following redundancy (for those with variable weekly pay) The reference period applied...
News DetailJobseeker’s Allowance (JSA) has been increased for the first time in five years as the benefits freeze comes to an end. From April 2020 the...
News DetailAs uncertainty increases around Coronavirus in the UK, we at CFS Redundancy Payments would like to reassure all of our clients and contacts that it...
News DetailThe opening hours for the Redundancy Payments Service ('RPS') 0330 331 0020 Helpline have changed. The new times are as follows: Monday - 9am - 5pm...
News DetailThe Employment Rights (Increase of Limits) Order 2020 With effect from 6 April 2020 the statutory limit one week's pay for the purpose of calculating...
News DetailThe new National Minimum Wage being introduced this year will see low-paid workers earn almost a thousand pounds more per year. The new rate of pay will...
News DetailThe Redundancy Payments Service (RPS) has advised of a recent change in the way that Compensatory Notice Pay (CNP) awards are calculated. Any money earned...
News DetailFollowing the system upgrades at the Redundancy Payments Service (RPS) in March 2019, Insolvency Practitioners were asked to provide any updates to information on previously...
News DetailDear IP - September 2019 You will be aware that in March 2019 we introduced new case management and payments systems for Redundancy Payments Service....
News DetailThe Redundancy Payments Service (‘RPS’) are aware that there is currently an issue with their systems which is resulting in the payment of claims being...
News DetailFurther to our post on 19 August 2019, the opening hours for the Redundancy Payments Service ‘RPS’ Helpline (0330 331 0020) have changed again. The...
News DetailThe opening hours for the Redundancy Payments Service ('RPS') 0330 331 0020 Helpline have changed. The new times are as follows: Monday - 9am - 1pm...
News DetailThe Redundancy Payments Service (‘RPS’) have advised that claims for Compensatory Notice Pay (‘CNP’) for those with weekly salaries in excess of the weekly limit...
News DetailWe have been made aware that the Redundancy Payments Service (RPS) is experiencing some problems with the way that their upgraded system is calculating the...
News DetailSupplementary Guidance from RPS - Uploading RP14 & RP14A forms If you are trying to upload an RP14 or RP14A form and receive an error message,...
News DetailUnderstanding just how the Redundancy Payments Service (RPS) calculate holiday entitlement can be really quite confusing, especially when it comes to ‘Carry Over’ holidays. The...
News DetailIn addition to the delays caused by the teething problems with the Redundancy Payments Service’s (RPS) new Case Management System (CMS), it has come to...
News DetailLast month we reported that the Redundancy Payments Service (RPS) introduced a new Case Management System (CMS) on 18/3/19. Unfortunately RPS have encountered significant teething...
News DetailCitation, commencement and interpretation 1.—(1) This Order may be cited as the Employment Rights (Increase of Limits) Order 2019 and shall come into force on 6th...
News DetailThe Employment Rights (Increase of Limits) Order 2019 With effect from 6 April 2019 the statutory limit one weeks pay for the purpose of calculating...
News DetailUpdate for Insolvency Practitioners on the development of the (CMS) As advised in the previous editions of Dear IP, the Insolvency Service is introducing a...
News DetailDear insolvency professionals We advised you in the November edition of Dear IP that the Insolvency Service is introducing a new Case Management System (CMS) in the first...
News DetailThe Employment Rights (Increase of Limits) Order 2018 With effect from 6 April 2018 the statutory limit one weeks pay for the purpose of calculating...
News DetailThe Employment Rights Act 1996 and Pension Schemes Act (amendment) Regulations 2017 The Employment Rights Act 1996 and Pension Schemes Act 1993 (Amendment) Regulations 2017...
News DetailAre directors entitled to redundancy? There is a widely held view and common belief that company directors are not entitled to redundancy pay but in...
News DetailAs the director of a limited company, you probably have some understanding of redundancy payments and how they apply to your employees, but few company...
News DetailDo directors get redundancy? The conditions for redundancy eligibility as a company director include: Your company goes into liquidation or administration You have a written,...
News DetailDirectors redundancy When a company goes into liquidation, it’s generally understood that employees are entitled to redundancy pay. But what about the company directors themselves?...
News DetailWhen a business fails, and cannot afford to pay redundancy money, employees can claim redundancy money from the National Insurance Fund (NIF) by making a...
News DetailAre directors entitled to redundancy? When a limited company faces insolvency there is a strong likelihood that, unless an Administrator can make immediate changes to...
News DetailCan directors be made redundant? It is not a widely known fact, but company directors can receive statutory redundancy pay from their limited company under...
News DetailYou can use the Statutory Redundancy Pay table to work out the number of weeks' pay you could be entitled to receive. To use the...
News DetailRedundancy in Liquidation An employee that has been made redundant by a recently liquidated, or soon to be liquidated company, who does not have a...
News DetailJuly 2018 Complying with The Claims Management Regulator Overview The Claims Management Regulator (“CMR”) works to protect and promote the interests of consumers and the...
News Detail