As a director of a limited company, you are entitled to claim redundancy just as any other employee is entitled to. Your claim is processed and paid through the governments National Insurance Fund and Redundancy Payment Service (RPS).
However, claims can be complex and making the wrong disclosures on both the RP1 and RP3 forms can lead to claims being rejected. This is where we can help you and make sure that your claim doesn’t get rejected and your claim is maximised, processed correctly and payments are revived soon as possible.
Redundancy Claim Criteria
To make a claim you must make the following criteria:
You are an employee (PAYE)
You have been an employee for at least 2 years continuously
The company is going into liquidation or already in liquidation
What I am entitled to?
You are entitled to:
Statutory redundancy pay
Directors regularly under claim their redundancy or do not claim at all when their company is placed into liquidation. We can help you maximise your claim from Redundancy Payment Service (RPS), this will be done alongside the insolvency practitioner to make sure claims are paid out without the need to go to a tribunal, which is quite costly.