Redundancy with 3 months notice

larryhar

Hi

I have 3 month's notice in my employment contract. I have been with the company for 4 years. If I get made redundant, is my redundancy:
- 3 months + statutory redundancy payment?
- Redundancy payment irrespective of my notice period?
- The longer of notice period or statutory redundancy period?

In other words, is there any benefit in having 3 months notice when it comes to redundancy?

Thanks

bigpoppa

You will be paid as normal for your three months notice and the will get your statutory (and any ex gratia) on top of that. You will get two weeks per year statutory capped at 1200 per year plus one extra week

Lockedout2

Your statutory redundancy is 2 weeks per year plus 1 week.

The fact that you have a notice period in you contract means that any payment in respect of this notice period is subject to tax as wages.

intheclouds

The benefit really is that you can spend time putting together a good CV with your relevant skills listed while you still have access to everything you need to list out exactly what you do.

Its better than just being shown the door - you have a 3 month head start on job hunting.

Stheno

No you just get more notice, you'll work the three months, be paid as normal and then get your redundancy payment.

Unless they put you on gardening leave, in which case they have to pay you the three months but you don't work it.

Mrs OBumble

And you get to stew over the fact that you'll soon be redundant for three months - but have to stay there the full time to get the payout. If someone offers you a job earlier, then you've got the tough call between accepting the new job and losing your payout, or passing it up and waiting.

Could be a very demoralising, personally destructive three months.

intheclouds

Mrs OBumble wrote: »

And you get to stew over the fact that you'll soon be redundant for three months - but have to stay there the full time to get the payout. If someone offers you a job earlier, then you've got the tough call between accepting the new job and losing your payout, or passing it up and waiting.

Could be a very demoralising, personally destructive three months.

If someone offers you a job earlier you just tell them you can't start til X date.

I found it a very useful (2 months) in my case. I got a really good CV together with input from colleagues and bosses. I took extra long lunches and wandered about chatting to people I'd not see again. It's basically pay for doing very little.

I also investigated exactly what I'd need for social welfare and was up there the day after I finished.

percy212

Relax and take it easy at work for three months. Play some computer games. Read the paper. What are they going to do, fire you?

PayrollM

If you get offered a job during the notice, you can with the consent of your employer, leave prior to the full notice, and still get the redundancy payment. You need to use the forms RP6 and you also need to watch for the actual Redundancy Notice Period. You should call/email the Workplace relations(.ie)/1890 80 80 90 to double check what needs to be done as it will vary depending on circumstance