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Is there a minimum settlement payout that I should expect?
If you are offered a settlement agreement then you are entitled, at minimum, to be offered the following payments:
Holiday pay (accrued but not taken to the termination date);
Statutory redundancy pay (if it is a redundancy situation and you are entitled to statutory redundancy pay)
There is no legal minimum, however, in respect of what ex-gratia payments you are entitled to. Our experienced settlement agreement solicitors will seek the maximum ex gratia settlement payout that they can when negotiating your agreement, and will advise you on what they think is achievable.
Redmans Limited is a company registered in England and Wales with registration number 05872980, VAT GB893856068, and registered office Parkshot House, 5 Kew Road, Richmond, TW9 2PR. Settlement Agreement Lawyer is a firm of solicitors authorized and regulated by the Solicitors Regulation Authority (SRA number: 468098).