Can someone confirm that working directors owning more than a certain percent (15% or 20% -I forget) are not entitled to statutory redundancy.
And the same, I think, applies to the spouses/children of a 15/20% shareholder of the company they are working for -regardless as to whether the spouse or kids own any shares.
In other words, when a family business closes is is true that none of that family , no matter how long or how hard they have worked, can claim statutory redundancy ? Or,indeed, the dole.
And the same, I think, applies to the spouses/children of a 15/20% shareholder of the company they are working for -regardless as to whether the spouse or kids own any shares.
In other words, when a family business closes is is true that none of that family , no matter how long or how hard they have worked, can claim statutory redundancy ? Or,indeed, the dole.