Normal wage for SRP and statutory notice31 July 2020
Today (Friday 31 July 2020) the government has brought in new legislation to confirm that those furloughed employees who are later made redundant must receive any statutory redundancy pay to which they are entitled at their normal wage rate (i.e. 100% and not the furlough 80% rate, albeit subject to the statutory cap on a week’s pay). Pay for the statutory minimum notice period must also be at 100% of normal pay i.e. based on normal wages rather than their wages under the Coronavirus Job Retention Scheme.
We will provide further updates as the scheme is clarified.