Your rights if your employer is insolvent
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:
- have been made redundant
- were an employee
- were continuously employed by the insolvent business for 2 years or more
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.