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Topic starter
09/05/2009 11:55 am
Hi, looking for some advice.. I'm about to be made redundant and start on maternity leave. My trust deed is due to finish in March 2010 and if I'm being honest they aren't the most helpful people.. What will happen to my redundancy package?? will they take the full payment off me ??
Thanks
11/05/2009 11:53 am
Hi McGrel
This is a bit of a technical one...
The statutory redundancy payment to which you are entitled by law is yours and cannot be taken by them. However, if some of your package is additional to this statutory level (ie because your are entitled to more due to the terms of your contract) then this element can be requested by the trustee as "acquirenda".
That doesn't mean that they will definitely seek to do this though and you may find that your trustee is happy to let you keep all of your redundancy money given your circumstances. Let's hope so!
Scottish Debt Solutions Expert - Ask me for help setting up a Scottish Trust Deed or Debt Arrangement Scheme plan.
Topic starter
12/05/2009 4:45 pm
Hi Kevin
Thanks for the response it's been really helpful and I guess it's all down to how my trustee operates.. Only one way to find out !!!
Thanks Again
McGrel [:)]
