Please use our redundancy calculator below to calculate how much you should be paid if you find yourself in a redundancy situation. To find out more about your redundancy rights, please click here

How is your redundancy payment calculated

Your statutory redundancy payment is calculated in the following way. As long as you have been working for the company for longer that two years, you will get paid:

  • 0.5 x your gross weekly pay for every year worked up to the age of 22;
  • 1 x your gross weekly pay for every year worked between the ages of 22 and 41;
  • 1.5 x your gross weekly pay for every year worked above the age of 41;

All redundancy payments are tax free up to £30,000.

Please note that as of 6th April 2016, weekly pay is set to a maximum payment of £479 per week. Prior to this date the maximum weekly payment available was only £475 per week.

Additional payments

In addition to this you will be paid your notice pay (if you are not required to work your notice). This payment is taxable.

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