United KingdomStatutory Redundancy Pay (UK Gov)Finance & SalaryUK Statutory Redundancy Pay Calculator (£700 Weekly Cap)
Calculate statutory redundancy pay based on age multipliers (0.5 week under 22, 1.0 week ages 22-40, 1.5 weeks age 41+) capped at 20 years of continuous service and statutory weekly wage limit (£700/week up to £21,000 maximum).
Calculator Inputs
Live Real-TimeTotal Statutory Redundancy Pay (100% Tax-Free)
Total Weeks of Pay Entitlement
12 weeks
Statutory Capped Weekly Pay Base (£700 Max)
£700
Detailed Calculation Breakdown
Calculation Methodology
Weekly Pay Basis = min(Actual Weekly Gross Pay, £700 statutory cap). Multiplier = 0.5 (under 22), 1.0 (22-40), 1.5 (41+). Total Redundancy = Multiplier * Years of Continuous Service (max 20 yrs) * Weekly Pay Basis.
Important Legal & Educational Disclaimer
Redundancy pay up to £30,000 is 100% tax-free and exempt from National Insurance.
This calculator is designed for educational and informational purposes only based on public statutory frameworks. The outputs do not constitute binding financial, tax, or legal advice. We assume no liability for decisions made based on these estimations. Always verify with the relevant official authorities or a certified professional advisor.
Frequently Asked Questions
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