Trust Deed Forum

Rick66 · 2016-01-28T10:02:23Z

Hi, I wonder if anyone can offer advice. I am 29 moths into a 40 month PTD. I have been informed that I am to be made redundant and am currently working my notice period. If I successfully find another job before my official termination date I won't be paid any further wage and will officially leave, but I will still be paid my statutory redundancy payment. I hope to offer the balance of my contributions from the lump sum statutory redundancy payment (which is all I am entitled to from my employer i.e. no enhanced payment). I understand that I would usually be allowed to keep the statutory portion of any redundancy payment as I am expected to need money as I search for work, but what would happen if I manage to get a job quickly, virtually moving from the old job to the new without a break. Would the statutory portion be taken from me by the trustee? For the purpose of making the question easier to answer let's assume the new wage doesn't differ from the old.

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Redundancy and re-employment

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Kevin Mapstone

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04/02/2016 1:46 pm

Faster finger first! One of these days we might get caught out disagreeing about something though!!

Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.

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