Do directors get re...
 

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[Closed] Do directors get redundancy

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Posts: 0
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Topic starter
 

Company i work for and own 25% of is in a mess will i be entitled to redundancy ?


 
Posted : 27/01/2009 3:34 pm
Posts: 251
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If you are on paye then yes.


 
Posted : 27/01/2009 3:34 pm
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Topic starter
 

Yes Im On PAYE


 
Posted : 27/01/2009 3:41 pm
Posts: 12
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If you are a director you may or may not be deemed to be an employee. This is a quesiton of law based on various factors, including the type of engagement you have (e.g. service agreement).

PAYE is also a good indicator that, as well as being a director, you are acting qua employee. As such, to the extent you qualify for redundancy, then you can probably claim it.

However, consider this very carefully: if you claim redeundancy pay when the company goes t*ts up, will you be discharging your duties as a director to the various creditors of the company?

I suggest you seek proper advice on this one!


 
Posted : 27/01/2009 4:05 pm
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Topic starter
 

Yea think i need advice things looking pretty bad at the moment


 
Posted : 27/01/2009 4:26 pm