Redundancy pay calculator uk
- when redundancy payments should be made
- when do redundancy payments need to be made
- when should redundancy payments be made
- when should redundancy pay be made
When will i get my redundancy pay from the government
Redundancy over 60 years old!
Redundancy: your rights
You’ll normally be entitled to statutory redundancy pay if you’re an employee and you’ve been working for your current employer for 2 years or more.
You’ll get:
- half a week’s pay for each full year you were under 22
- one week’s pay for each full year you were 22 or older, but under 41
- one and half week’s pay for each full year you were 41 or older
Length of service is capped at 20 years.
Your weekly pay is the average you earned per week over the 12 weeks before the day you got your redundancy notice.
If you were paid less than usual because you were ‘on furlough’ because of coronavirus, your statutory redundancy pay is based on what you would have earned normally.
If you were made redundant on or after 6 April 2024, your weekly pay is capped at £700 and the maximum statutory redundancy pay you can get is £21,000.
If you were made redundant before 6 April 2024, these amounts will be lower.
Calculate your redundancy pay.
Exceptions
You’re not entitled to statutory redundancy pay if:
Being dismissed for misconduct does not count as redundan
- when do termination payments need to be made
- when does a redundancy payment need to be made