Navigating the challenges of estate planning: How can I ensure my affairs are in order?
Career changes are very common as individuals leave companies for various reasons whether that be financial gain, moving to a new place or a complete career change.
Whatever the circumstances of you leaving your role at a company, there are certain obligations your employer must fulfil so it’s important throughout the process, you know what these are and receive them upon your exit from the company.
What am I entitled to upon leaving a company?
Once your decision to leave a company has been confirmed, you will be required to work your notice period which should be stated in your contract.
You will be entitled to your normal pay during this period whether you are place on gardening leave or not. All employers must pay outstanding wages for all work completed until the employee’s last day.
There are scenarios where your employer may choose to put you on gardening leave. If this happens, you must stay away from the business, but you are paid in full. You are not expected to work during this period and will run until your final day with the company.
Depending on the details of your contract, you could be owed other costs such as unused holidays, maternity pay or in some cases if your role is being made redundant, you may be entitled to redundancy pay.
Your employer must pay all entitlements in your final payslip and any costs owed to them will be taken into account. They will likely say to you beforehand, how much you are receiving and if any deductions are made to confirm a final pay package.
What else do I need to know upon leaving a company?
If you are leaving a company via choice or redundancy, you should be looking over your contract to double check if there is anything you are entitled to and communicate this to your employer.
Your contract could include information on potential owed payments such as sick pay, overtime and commissions and paid leave.
In addition to this, your employer must follow the legislations in place and ensure you receive your P45 so you can present this to your new employer.
Your P45 shows the amount of tax you have paid on your salary in the tax year. It is set in four parts, and you should receive your P45 as soon as you leave a company. As it is your employer’s legal obligation, you must request your P45 if they fail to give it to you.
You need your P45 to give to your new employer as this will make the onboarding process at your new company much easier.
Having open and honest communications with your employer should make the leaving process smoother as it can be an emotional situation for all involved. Speaking openly ensures you both understand the situation and you have clarity on what your employer will be giving you upon your departure.
Is support available if I am leaving my job?
There is a wide network of support available if you are leaving your role in a company. You can speak to internal teams such as Human Resources, with colleagues and speak with legal experts to ensure you get what are you entitled to.
Legal experts can help you analyse every detail in your contract to ensure you know what you’re entitled to. They can provide expert tailored advice and support that meets your needs and helps you have open conversations with your current employer.
Leaving your job? Get in touch with us to ensure you receive your entitlements
Related posts
