Based on your answers, your statutory redundancy payment is £12,064 (£12,220 In Northern Ireland).
How it’s worked out
Pay is capped at £464 (£470 In Northern Ireland) per week. Length of service is capped at 20 years.
The maximum amount of statutory redundancy pay is £13,920 (£14,100 In Northern Ireland)
Years of service or earnings over these amounts aren’t included in the calculation.
You can’t get less than the statutory amount but you may get more if your employer has a redundancy scheme. Redundancy pay up to £30,000 is tax-free.
Your entitlement is 26.0 weeks.
- 0.5 week’s pay for each full year worked when you’re under 22
- 1 week’s pay for each full year worked when you’re between 22 and 41
- 1.5 week’s pay for each full year worked when you’re 41 or older