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Ask Michael Holly Your Own Question
Michael Holly
Michael Holly, Solicitor
Category: Law
Satisfied Customers: 6959
Experience:  I have 20 years of experience as a solicitor in litigation and other areas
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Can you receive a golden handshake and a redundancy pay off?

Customer Question

Can you receive a golden handshake and a redundancy pay off?
Submitted: 1 month ago.
Category: Law
Expert:  Michael Holly replied 1 month ago.

A golden handshake is usually a contractual , rather than voluntary, payment over and above the statutory rights of the employee to a redundancy payment.

As such , yes , you can receive both if the terms in your contract with your employer allow for it and your employer agrees to one.

If there are any further points please respond I will be happy to reply.

Kindly either accept or rate my answer on the system so I get credit for my time.

Best wishes

Michael

Michael Holly and other Law Specialists are ready to help you
Customer: replied 1 month ago.
I am a director. Does that make any difference. I also do not have a contract. I did until I was 65 years of age when it stopped. I am now 68 years and have served the same company for 35 years.
Rod Partlett
Expert:  Michael Holly replied 1 month ago.

No a director can be an employee or not it depends on the contractual position.

Being a director per se makes no difference at all.

Michael