Redundancy and notice period

[EweCee]

I am a senior leader in my company and there is a small possibility I may be made redundant in the coming months. I have been with the company for just shy of 5 years and am on a 1 month notice period. However, a little while back I was asked to sign a change to my contract changing my notice period to 3 months in line with all senior leads - I didn't do it at the time as I disagreed with it, but now am wondering whether I should sign it. Would it impact a redundancy package I'm offered or is statutory redundancy purely based on the length of service and age, and not your notice period PLUS statutory?

It would change your notice period and if they paid in leiu of notice, you would get 3 months not 1 month

Stat redundancy pay is A (you may be entitled to more purely if your notice period puts you into another year bracket)

Notice is B

so your payment would be A + B

I think this is right, but someone will be along to say if i have it wrong

If they know there is a risk of redundancy it will be withdrawn by now . Yes technically you would get an extra two months' pay.

I would think that ship has sailed by now and this is no longer available to you? But if you can sign it then yes, you should, although bear in mind if you are not made redundant then you have permanently changed to the longer notice period.