Are you a current or past employee of Flybe? 2,000 of the airline staff will now be affected by the airline going bust.
The Government has said: “We know this will be a worrying time for Flybe staff and our Jobcentre Plus Rapid Response Service stands ready to help them find a new job as soon as possible.”
In the meantime, we have answered some questions you may have about redundancy.
If you’ve been in the same job for at least two years, your employer must pay your redundancy money. The legal minimum is called statutory redundancy pay but check your contract as you might be entitled to redundancy pay even if you have been with the company less than two years.
You maybe also be entitled to contractual redundancy pay, where pay arrangements are likely to be higher than statutory redundancy pay.
Our free guide on redundancy which can be ordered or printed from the website will provide useful information if your job is under threat or you have been made redundant. It will explain your rights and show what steps you can take to protect your finances.
As Flybe has gone bust, there is a possibility that it will not be able to afford to pay you. If that is the case, you’ll have to claim your statutory redundancy pay and holiday owed to you from the State.
In the event that you were an employee of the Company and you require any further information or assistance in relation to the Administration, please contact the Administrators on 0161 333 2596 or email at firstname.lastname@example.org.
If the Administrators tell you to apply, you can do this online.
What you can apply for depends on your circumstances. The Insolvency Service can pay:
- Redundancy pay – if you’ve worked for Flybe for at least two years.
- Pro rata holiday pay (known as holiday pay accrued). This is the leave you were entitled to take between the start of your leave year and the date you were made redundant. If you have already taken the leave you are entitled to, you will not be due a holiday pay accrued payment.
- Holiday pay taken – if Flybe hasn’t paid you for annual leave you took before being made redundant.
- Money you’re owed by Flybe, for example unpaid wages, overtime and commission.
- Statutory notice pay – if you’ve worked for Flybe for at least one month.
On average, the Insolvency Service’s redundancy payment service pays 95% of redundancy and related claims within six weeks.
If you’re worried about struggling with debt, it can be hard to know where to turn. There are lots of free advice services available across the UK, who can find help in the way that’s best for you.
All the above services are free, confidential and hold a standard or membership code accredited by the Money Advice Service
Your pension rights will depend on the scheme you’re in. If you’re unclear on how you might be affected, call our pension guiders for free on 0800 011 3797.
As the liquidation of Flybe has been widely covered in the press, it is likely that pensions scammers could be looking to profit from the situation.
Scammers often approach with the offer of a free pension review. Look out for:
- The promise of unrealistically high returns.
- Offers to give you access to your pension fund before age 55 are likely to be a scam.
- Being pressured or rushed to make a quick decision.
It’s best to reject calls or offers that arrive out of the blue. Make sure that anyone offering you advice or other financial services is FCA authorised.
Call the FCA Consumer Helpline on 0800 111 6768 to check. Seriously consider seeking regulated financial advice before changing your pension arrangements. The Pensions Advisory Service provides free independent and impartial information and guidance.