Public sector being made redundant - any ideas what package I’ll?

[worriedandunsure2]

I’m 36, on just under £60k, and been as the company about 11/12 years.
I’m potentially facing redundancy and want to know what I might get. I’m struggling to understand statutory and voluntary etc, and if public sector has its own set of rules!?
Please help if you know.

I’ll get* title should say!

If it is public sector it will be statutory minimum I imagine. There is a calculator on gov.uk.

There’s a calculator on gov.uk, which asks you your pay, how old you are and how long you’ve been working there. I’ve been made redundant 4 times, only once I got more than statutory redundancy and that was because the company had a Union, but these were all private companies.

If it’s statutory you will get 1 weeks pay for each full year work to a max of 12.

thats paid tax and NI fee

plus your notice pay

so about £12.5k plus your notice

Thanks this is what I’m struggling to understand. Some websites say statutory, others say one month’s pay per years. I can’t work out if I’m looking at 12k or 50k

If you’re NHS it’s 1 month per year worked up to a total cap of x

This. Often capped at 6 months wages.

Only the first £30k is tax free isnt it (apprecaite this wont effect OP).

Are you taking into account that the ‘months salary’ you get from statutory is capped at £719 per week? So higher earners get way less than they would actually earn if still working.it’s burned me twice!

Where in the public sector does matter. NHS and civil service have their own compensation packages for example.

Here reckons the cap can be as high as 24 months pay so maybe you’ll get more

https://www.nhsemployers.org/articles/nhs-redundancy-arrangements

but yes govt could also play hardball and say statutory amount only as it’s taxpayers money etc.

Good point I forgot that one

Not quite public sector but in Higher Education they have a formula for enhanced redundancy that applies but it is different for each university.

Ours uses actual weekly pay rather than a capped maximum like statutory, then a week for every year worked (or more if older). If you take it as voluntary rather than compulsory it was then also multiplied by 1.5.

So for me with 10 years service but in my 40’s it was
actual weekly pay x 13 x 1.5

The government calculator will tell you for statutory:
www.gov.uk/calculate-your-redundancy-pay

Look at your contract T&C's.

Many organisations are as tight as a gnats chuff and pay the statutory minimum. Make sure they calculate (properly) and pay you your annual leave if its outstanding

I work in a lab research department conducting auditing. It’s very niche. It’s public in the sense I got full maternity for 5 months, but not NHS or education etc.

ive seen this coming for a while. I moved away from the office back to my home town during covid, so I’ve only been going to the office 1 day a week since. My salary went up quite a lot 2 years ago and I’ve been cruising tbh. I drop my kids off and pick them up from school with no issues. I have felt highly paid for some time.
The issue I have is I don’t think I will fall into another job like this easily at all.

Look on the NHS Employers website and see if the statutory redundancy terms are listed there; it may also be listed on public sector union websites.

I would recommend you start looking for work ASAP, because the job market is very tough right now - I went for a role over the Summer where they had 600 apps for 1 job. Especially as your current job sounds very forgiving