Calculate your statutory entitlement.
You need at least 2 years to qualify for statutory redundancy pay.
Capped at £643/week for 2026/26. Divide your annual salary by 52.
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You get half a week's pay for each year under 22, one week's pay for each year between 22-40, and one and a half week's pay for each year over 41. Weekly pay is capped at £643 in 2025/26.
The first £30,000 of redundancy pay is tax-free. Any amount above £30,000 is subject to income tax but not National Insurance.
Yes — many employers offer enhanced redundancy pay above the statutory minimum. Check your employment contract or staff handbook for details.