Your rights if your employer is insolvent

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What you can get

What money you바카라 사이트™re entitled to depends on:

  • how long you were employed
  • what was in your employment contract
  • your age

Payments are capped.

Redundancy pay

You바카라 사이트™re normally entitled to redundancy pay if you:

You바카라 사이트™ll get:

  • half a week바카라 사이트™s pay for each full year you were employed and under 22 years old
  • one week바카라 사이트™s pay for each full year you were employed and between 22 and 40 years old
  • one and a half week바카라 사이트™s pay for each full year you were employed and 41 or older

Redundancy payments are capped at £719 a week (£700 if you were made redundant before 6 April 2025).

You can get a payment for a maximum of 20 years that you were employed at the business.

Calculate your redundancy pay.

Wages and other money you바카라 사이트™re owed

You can apply for unpaid wages and other money you바카라 사이트™re owed by your employer, for example bonuses, overtime and commission.

You바카라 사이트™re only entitled to money that바카라 사이트™s in your employment contract.

You바카라 사이트™ll get up to 8 weeks of money you바카라 사이트™re owed. It counts as a week even if you바카라 사이트™re only owed money for a few days.

Example

If you바카라 사이트™re owed £30 of overtime per week for the last 10 weeks, you바카라 사이트™ll get £240 (£30 x 8 weeks).

Payments for wages and other money you바카라 사이트™re owed are capped at £719 a week (£700 if you were made redundant before 6 April 2025).

You pay income tax and National Insurance when you get unpaid wages and other money you바카라 사이트™re owed. You might be able to claim a tax refund if you바카라 사이트™ve paid too much.

Holiday pay

You can get paid for:

  • holiday days owed that you did not take (바카라 사이트˜holiday pay accrued바카라 사이트™)
  • holiday days you took but were not paid for (바카라 사이트˜holiday pay taken바카라 사이트™)

You바카라 사이트™re only paid for holidays you took or accrued in the 12 months before your employer became insolvent.

You바카라 사이트™ll only get payments for up to 6 weeks of holiday days. Holiday pay is capped at £719 a week (£700 per week if your employer went insolvent before 6 April 2025).

You pay income tax and National Insurance on your holiday payment. You might be able to claim a tax refund if you바카라 사이트™ve paid too much.

Statutory notice pay

You바카라 사이트™re entitled to a paid notice period when you바카라 사이트™re made redundant, even if it is not in your contract.

You can claim for statutory notice pay if you:

  • did not work a notice period
  • worked some of your notice period
  • worked an unpaid notice period

Your statutory notice pay is worked out as one week바카라 사이트™s notice for every year you were employed, up to a maximum of twelve weeks.

Payments are capped at £719 a week (£700 if you were made redundant before 6 April 2025).

Pension contributions

Contact the insolvency practitioner or official receiver if you바카라 사이트™re missing contributions to your pension.