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