Do you qualify for Director Non-Insolvency Redundancy Payments?

It may well be the case that the company has settled all its obligations with the exception of redundancy entitlements. If there are no other debts outstanding but the company has been unable to make redundancy payments where due, the Redundancy Payments Service Financial Assistance Scheme may be the right option for you.

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If your answer is "yes", continue to the next question 

In order to qualify for a redundancy payment, you must have worked for the company continuously for a minimum of two years.

If your answer is "no"

Unfortunately, you would not be eligible to make a claim for a redundancy payment without at least two years of continuous service. If the company owes you other monies — for example, outstanding holidays, arrears of pay or notice pay, you may be able to make a claim for these monies, however the company would need to go into liquidation first.

If your answer is "yes", continue to the next question

It's quite common that a director may take their earnings from the business in part through the company PAYE and in part through dividend payments, where available. In order to qualify for this scheme, you need to have historically received at least some of your salary through the company PAYE, even if that is at the minimum tax / NI threshold.

If your answer is "no"

If you have only ever historically taken dividend payments from the company, it is less likely that you would qualify for a redundancy payment. Similarly, if you have never set up a company PAYE scheme, it is also less likely that you would make a successful claim to the Redundancy Payments Service. However, we will always be happy to chat through your details with you. Contact us to discuss your individual circumstances directly.

If your answer is "yes"...

If the company has outstanding debts other than redundancy entitlements, the Financial Assistance Scheme would not be the most appropriate route for you. If the company owes money to HMRC, suppliers, or if it owes money to its employees for any outstanding holiday pay, arrears of pay, or notice payments, the company should in fact be liquidated if it is closing.

If your answer is "no"....

If the only debts outstanding are for redundancy payments, the Financial Assistance Scheme may be the most appropriate route for you. If the company does not have the funds to make redundancy payments where due, it is likely that you will qualify for this scheme.

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Directors Redundancy — Non-Insolvency

If your company is unable to make payments due for redundancy only, the Redundancy Payments Service Financial Assistance Scheme may be the most appropriate route for you.

Find out about Directors Non Liquidation Claims

Process and Costs

We will always be happy to provide you with a free consultation and assessment. Find out what to expect if you choose to instruct us to manage your claim.

Process and Costs

Closing your Business

The best way to close your business will most likely depend upon its financial situation. If the company is unable to settle any of its obligations to its employees, including its directors, there is support available for you.

Closing your Business

Helping director employees get back what they’re due

Redundancy Assist was formed with the sole purpose of helping directors make claims for their redundancy entitlements in the event of insolvency.

Our staff have operated within the insolvency sector for several years and have a deep understanding of its procedures and requirements. Coupled with our strong working relationship with the Redundancy Payments Service, our experience enables us to expertly advise company directors of insolvent companies.

Our case managers all hold up to date CIPD qualifications in Employment Law.