Employment

Key Employment Law Data

Redundancy payments ready reckoner

The maximum amount of a week’s pay in computing a statutory redundancy payment is £508 from 6 April 2018 (£489 between 6 April 2017 and 5 April 2018). The maximum statutory redundancy payment payable is £15,240 from 6 April 2018 (£14,670 between 6 April 2017 and 5 April 2018).
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.
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Age