Last updated: 13th May 2021
Please use our redundancy calculator below to calculate how much you should be paid if you find yourself in a redundancy situation. Find out more about your redundancy rights.
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 April 2021, weekly gross pay is set to a maximum payment of £544 per week.
As at April 2021 maximum statutory redundancy pay is capped at £16,320.
In addition to this you will be paid your notice pay (if you are not required to work your notice). This payment is taxable.
Tom Street qualified as a solicitor in 2003 and has over 20 years experience in employment and litigation law. He studied law at the University of Manchester before undertaking the legal practice course at the College of Law in Guildford, going on to complete his legal training at a firm in Chancery Lane, London. Once fully qualified, he moved to a niche litigation practice in the City of London.
In 2010, Tom set up his own legal practice, Tom Street & Co Solicitors and as part of this, in accordance with his strongly held objective to provide everyone with an easy pathway to justice he established the online portals Do I Have A Case? and Tribunal Claim. These websites are trading names of Tom Street & Co Solicitors.