Redundancy Reckoner

From 1st April 2018, the statutory maximum amount for a week’s pay is £508 per week.

To calculate the number of weeks redundancy pay, cross reference the person’s age and years of service and then multiply that number by the weekly salary (maximum weekly salary is £508). e.g. a person with a weekly salary of £200 aged 22 with 4 years of service will be entitled to two weeks salary e/g/ a total redundancy of £400.

17* – The table starts at age 17, as it is possible for a 17 year old to have 2 years service. Compulsory school leaving age can be 15 ¾ or 15 4/5 where a child is 16 before 1 September.

Particular care should be taken when calculating an individual’s redundancy pay when they joined as an employee below the age of 16. 61 * – The table stops at age 61 because for employees age 61 and over, the payment remains the same as for age 61.

Statutory redundancy pay table

Statutory redundancy pay table