Redundancy Pay Calculator

What is Director Redundancy?

Although many people are aware of an employee's right to receive redundancy pay should the company they are working for stop trading, less is understood about redundancy for directors.

However, directors of limited companies are often also classed as employees of their business too, and as such, are just as entitled to redundancy pay as their staff when their company enters liquidation or administration. With an average claim value of £9,000, a redundancy payout can make a huge amount of difference particularly at a time when finances are stretched.