You may be entitled to Redundancy Pay if your employer considered you redundant and terminated your job after you worked for the same company two or more years.
The Statutory Redundancy Pay your employer is required to pay you depends on what country you worked in, your age at termination, years worked for the company, and the weekly pay when terminated.
Use our Redundancy Calculator UK to calculate how much you will receive in Redundancy Pay! Please enter the information below so we can calculate your Redundancy Pay.
Do you want to know how our calculator works?
Working our way backwards, we calculate one and a half week's pay for each full year you were 41 or older, then one week's pay for each full year that you were 22 or older, but under 41. Finally, you get half a week's pay for each full year you worked when you were under 22.
Like we said, we work backwards from the day you were terminated, and we stop at the number of full years you worked, up to the max which is 20 years.
The max weekly pay is £538 in England, Wales and Scotland, and £560 in Northern Ireland. Furthermore, the maximum amount of Statutory Redundancy Pay is £16,140 in England, Wales and Scotland, and £16,800 in Northern Ireland.
Although these limits are all the companies are required to pay by law, some nice companies actually pay more than what is required. You can receive up to £30,000 tax free.