Businesses and households are preparing for the winding up of the scheme in the UK at the end of next month. In this live Q&A with the FT’s Money Mentor columnist Lindsay Cook and personal finance editor Claer Barrett we answer your questions about your rights — both as employer and worker.
Questions tackled on this video include who is entitled to redundancy pay, ways of calculating how much this could be worth, and how it will be taxed.
The experts also discuss how the incoming Job Support Scheme could be used by employers, the rules on consultation periods, the pros and cons of taking voluntary redundancy and what happens to holiday pay and bonuses.
