How Company Directors Can Recover Money From the National Insurance Fund

It has been assumed by many directors thatcopy of your contract of employment, or a
simply because they hold office, they cannotstatement setting out the main terms and
enjoy the benefit available to their employeesconditions of your employment.
such as claiming unpaid wages and holiday fromYou will need to demonstrate that you worked
the redundancy payments unit.fixed or regular hours per week.
I am happy to say that that is not the case. It isYou will need to show you were paid regularly
possible and I have been successful in recoveringand that PAYE and NI were deducted.
sums which Directors have initially failed toPayments should have been made to you as
recover themselves.employee.
There are certain rules which need to be followedYou will need to state your holiday entitlements,
but by doing so and by being tenacious it isyour pension arrangements, your duties during the
possible for a Director who has not been paid inworking week and the shares you may have held
the run up to the liquidation of the business inand whether you invested in the company in
which he has worked to recover lost wages,question.
unpaid holiday and compensation for loss of office.In essence what you will be showing is that as
First it should be noted that the Insolvencywell as being a director you had terms and
Service tries to make payments out of theconditions which were also akin to those of an
National Insurance Fund within 3 weeks, and theyemployee.
have a 78% success rate at this, meaning thatIf you are worried that you have been wrongly
money will be made available to you very quicklyturned down for a claim, or require help making a
in the vast majority of cases.claim, you should contact a professional who can
As a Director you will be expected to provide ahelp.