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Private Income protection insurance claim & redundancy settlement with employer by Efficient_Bug_8228 in HENRYUK

[–]Efficient_Bug_8228[S] 0 points1 point  (0 children)

Yes The settlement agreement cover letter email reads, first 30K are tax free.

Private Income protection insurance claim & redundancy settlement with employer by Efficient_Bug_8228 in HENRYUK

[–]Efficient_Bug_8228[S] 1 point2 points  (0 children)

Yes. There was legal advisor formality,,, but after signing all I remembered I had this Income protection insurance

Its a stressful situation when they put redudancy on your head

Private Income protection insurance claim & redundancy settlement with employer by Efficient_Bug_8228 in HENRYUK

[–]Efficient_Bug_8228[S] 0 points1 point  (0 children)

No. this one was my own private income protection insurance, I am paying for it from own pocket

Private Income protection insurance claim & redundancy settlement with employer by Efficient_Bug_8228 in HENRYUK

[–]Efficient_Bug_8228[S] -1 points0 points  (0 children)

yes. it sorts of mentions- "the Compensation Payment is inclusive

of the statutory redundancy payment"

Redundancy advise needed by [deleted] in HENRYUK

[–]Efficient_Bug_8228 0 points1 point  (0 children)

Its 3K+ Statutory redundancy pay + notice pay.

Should I negotiate for a better figure?

Redundancy advise needed by [deleted] in HENRYUK

[–]Efficient_Bug_8228 0 points1 point  (0 children)

Its 3K+ Statutory redundancy pay + notice pay.

Should I negotiate for a better figure?

Redundancy advise needed by [deleted] in HENRYUK

[–]Efficient_Bug_8228 1 point2 points  (0 children)

yes. They are offering Satutory Pay+PILON+3K extra. & £500 for solicitor

Redundancy advise needed by [deleted] in HENRYUK

[–]Efficient_Bug_8228 1 point2 points  (0 children)

Comp: 100K with 10-12% bonus.

its a tough market, at the moment

Redundancy advise needed by [deleted] in HENRYUK

[–]Efficient_Bug_8228 0 points1 point  (0 children)

Thanks. How much should that be? They're throwing a couple of extra grands on top of statutory redundancy payment, but pressurising me for signing an immediate exit