Viewing 5 posts - 1 through 5 (of 5 total)
  • Do directors get redundancy
  • beerbelly
    Free Member

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

    wwaswas
    Full Member

    If you are on paye then yes.

    beerbelly
    Free Member

    Yes Im On PAYE

    ourmaninthenorth
    Full Member

    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!

    beerbelly
    Free Member

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

Viewing 5 posts - 1 through 5 (of 5 total)

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