Anyone recently gone/currently going through redundancy in the UK?
If you've had your consultation meet was the pay offer statutory, VZ typical enhanced (month a year up to 6 months) or somewhere in between?
Anything else interesting that could help please?
@pk I would check the stock together policy if I were you. It's given pro rata which does not amount to a great deal.
@cb in my consultation with HR they advised I would get any granted unvested stock and to deal with Fidelity directly when they vested.
There's no mention in the ex-gratia statement of anything to do with unvested stock.
Not as good as what the US gets but better than statutory
First is the redundancy pay, which includes the statutory government amount plus the enhanced Verizon ex gratia portion (capped at 6 years service). The first £30,000 of this combined amount is tax-free, and it is not subject to National Insurance. For the statutory calculation, the weekly pay cap as of April 2026 is £751.
The second part covers earned items, including PILON (notice pay), outstanding holiday, and the pro-rated bonus at 75%. These are treated as normal employment earnings and are subject to standard income tax and National Insurance deductions.
Finally, for unvested stock, you will typically receive a pro-rated amount under "good leaver" rules. These shares are taxed as income based on their market value at the time they vest.
Heard on the grapevine it’s the usual enhanced