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Directors' redundancy

Can a sole director wind up his company and claim redundancy from The National Insurance Fund.

A cliant has wound up his company - he was sole director/shareholder. He has been approached by Directors' Redundancy who say he can claim redundancy. Seems too good to be true. Has anyone had experience of this?

 

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18th Dec 2017 16:05

That's client not cliant!

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By Ruddles
18th Dec 2017 16:28

If it sounds too good to be true ...

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18th Dec 2017 16:57

guardian wrote:

Seems too good to be true. Has anyone had experience of this? 

Yes, I have had lots of experience of things being too good to be true.

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18th Dec 2017 17:05

no

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18th Dec 2017 17:25

Who's he claiming it from ?

His company doesn't exist.

In theory it's possible. In practice, it rarely is.

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By Ruddles
to lionofludesch
18th Dec 2017 18:19

lionofludesch wrote:

Who's he claiming it from ?


Sounds like it's from you and me.
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to Ruddles
18th Dec 2017 18:44

Ruddles wrote:

lionofludesch wrote:

Who's he claiming it from ?

Sounds like it's from you and me.

What ?

How much do we owe him ?

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18th Dec 2017 21:49

As Nye Bevan put it: "The great secret about the National Insurance fund is that there ain't no fund."

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19th Dec 2017 05:03

If the company is going through a formal liquidation then yes, he can make a claim.

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By Ruddles
to colinhigginson
19th Dec 2017 09:51

"Has wound up his company"

And what are the odds on the director having had an employment contract?

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to Ruddles
19th Dec 2017 10:09

1000/1 ?

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By Ruddles
to lionofludesch
19th Dec 2017 12:25

Closer to 8060/1, I'd say

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to Ruddles
19th Dec 2017 12:26

Ruddles wrote:

"Has wound up his company"

And what are the odds on the director having had an employment contract?

I had a client with no contract and ended up with approximately £12,000. As long as there is a history of salary being paid that is enough.

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