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Redundancy Payments for Company Directors

Sep 02, 2019 · Redundancy Payments for Company Directors. Much has been written about employee rights during insolvency but less on the fact that company directors themselves are entitled to redundancy payments.. Statutory redundancy pay is available to directors (with a cap of £14,370) and can be a lifeline during the difficult circumstances of a liquidation.…

Redundancy pay for directors? AccountingWEB

My gut feeling was that the directors weren't entitled to redundancy but I recently came across a situation where two directors of a company which went into liquidation received a considerable amount of redundancy pay from RPO (Redundancy Payments Office). The company in this case had started trading about 15 years ago.…