Key Employment Law Data

Redundancy payments ready reckoner

The maximum amount of a week’s pay in computing a statutory redundancy payment is £538 from 6 April 2020 (£525 between 6 April 2019 and 5 April 2020). (The figure for Northern Ireland is £560 from 6 April 2020 (£547 between 6 April 2019 and 5 April 2020.) The maximum statutory redundancy payment payable is £16,140 from 6 April 2020 (£15,750 between 6 April 2019 and 5 April 2020).
To use the table, read off the employee’s age and number of complete years of service (to a maximum of 20 years). The table will then show the number of gross weeks’ pay to which the employee is entitled. Employees must have a minimum of two years’ continuous service to qualify.