If your employer is ‘insolvent’ this means it can’t pay its debts. You have rights if this happens and can make a claim for money you’re owed.
What you can claim
The money will be paid to you by the government. It’s not guaranteed that you’ll get everything your employer owes you but you can claim for:
- statutory notice pay
- redundancy
- up to 8 weeks’ wages, including a payment for a protective award if your employer has failed to consult collectively with staff
- up to 6 weeks’ holiday pay
- unpaid pension contributions – get in touch with the insolvency practitioner to claim this for you
- a basic award for unfair dismissal
You can get up to £479 a week for each claim. For example, if you’ve claimed for redundancy and loss of notice you can get payments for both.