1 February 2008
Redundancy pay increase to £330
The weekly amount for redundancy pay has increased £330.
To qualify for redundancy pay your nanny must be 18 or over and have at least two years continuous employment. This means that she must have been working for the same family, without any breaks, apart from maternity, sickness and unpaid leave, for at least two years.
If your nanny is between 18 and 21 she qualifies for half a week's pay, or £165, whichever is lower, for every year of continuous employment. If she is between 22 and 40, she qualifies for one week's pay, or £330, whichever is lower, for every year of continuous employment, and if she is between 41 and retirement she will qualify for one and a half week's pay, or £495, whichever is lower, for every year of continuous employment.
If you have any specific questions regarding redundancy pay, please contact Nannytax.