Growth and Skills Levy 2026: How redundancy, redeployment, and settlement agreements change for tech, construction, and engineering workers
Key Takeaways The 2026 Growth and Skills Levy affects redundancy and settlement offers by making employers consider retraining and redeployment options before finalising financial packages for tech, construction, and engineering workers. If you face redundancy under the new levy rules, you may be offered levy-funded retraining instead of or alongside a traditional ex gratia settlement […]
Redundancy vs negotiated exit in 2026: how to choose between enhanced redundancy pay and a higher settlement sum
Key Takeaways Understanding redundancy vs. negotiated exit in 2026 helps you select the right approach—enhanced redundancy pay or a higher settlement sum—based on your position and leverage. Enhanced redundancy pay may be negotiated, particularly where employers have not followed correct redundancy consultation or selection processes. Settlement agreements include ex gratia payments and typically require you […]
Payout for redundancy: statutory, enhanced and negotiated options explained
Key Takeaways Your payout for redundancy may include statutory redundancy pay, notice pay, plus enhanced or ex gratia amounts depending on your contract and negotiation. Statutory redundancy pay depends on your age, length of service, and weekly pay cap, with maximum limits set annually by the government. Enhanced or contractual redundancy pay can increase your […]
Settlement agreements in summer 2026: why UK employers are increasing offers amid cost-of-living pressures
Key Takeaways UK employers increasing settlement agreement offers as summer redundancy waves begin amid 2026 cost-of-living pressures is giving many employees stronger financial terms than ever before. You have the right to independent legal advice before signing a settlement agreement, which protects you from accidentally waiving valuable claims without understanding your options. The 2026 cost-of-living […]
