Redundancy Pay Calculator
Calculate your statutory redundancy pay based on your age, weekly pay, and years of service.
How is statutory redundancy pay calculated?
Statutory redundancy pay is based on your age, your length of service, and your weekly pay up to a maximum of £751 per week and 20 years of service.
The multiplier applied to each year of service depends on your age: half a week's pay for each year worked under 22, one week's pay for each year worked between 22 and 40, and one and a half weeks' pay for each year worked aged 41 or over.
This calculator works backwards from your current age and applies the correct multiplier to each year of service individually, so it handles cases where your service spans more than one age band (for example, joining at 39 and leaving at 45).
Redundancy payments up to £30,000 are generally free of income tax and National Insurance. This calculator shows your statutory entitlement only. Your employer may offer more than the statutory minimum.
This calculator is for guidance only. Consult a qualified accountant or employment solicitor if you need advice specific to your circumstances.
The UK pay calculator that just gives you the answers.