Employer - What If You Cannot Afford To Pay?
If as an employer you have serious cash flow problems and cannot obtain further credit then the payment can be made direct from the National Insurance Fund.
However, you will be expected to repay the amount as soon as possible.
The Department for Business, Enterprise and Regulatory Reform (BERR) have produced a publication called Help With Meeting Redundancy Costs For Employers In Financial Difficulty which may be of assistance to you.
Request redundancy advice today or visit our Money Shop and choose your own guidance.