On the 6 April 2014 the limits which apply to payments under the Employment Rights legislation were increased.
In respect of redundancy payments the limit has increased from £450 per week to £464 per week.
This information is useful not just for employees when working out what they may be entitled to, but also for potential purchsers of businesses which may be affected by TUPE regluations.
It is important for anybody facing financial difficulties, whether personally, directors of limited companies or partnerships, to seek advice from a licensed insolvency practitioner as soon as possible.
To take advantage of our free consultation, please telephone Stella Flemmings on 01377 257788, 01724 230060 or 01904 520116 and she will make you an appointment with one of our insolvency professionals at our Driffield, Scunthorpe or York offices.
Redman Nichols Butler has had a York office for over five years now and specialises in advising SME businesses in York and North Yorkshire. The Redman Nichols Butler York office address is Westminster Business Centre, Nether Poppleton, York YO26 6RB.