If your employer goes bankrupt and you are made redundant, it may not have enough funds to pay your normal redundancy pay. Instead, you can claim money from the government’s National Insurance Fund. The government may also be able to give you more money towards other amounts owed to you, such as unpaid wages, notice pay and holiday pay.
There is an upper limit on what you can claim, so you may not receive all that you would have done, and you should try to claim any balance from the insolvency practitioner or receiver who is handling your employer's insolvency.
The government’s Redundancy Payments Helpline (tel: 0330 331 0020 – calls charged at local rates) can also help with current payment rate questions or send you further information.