Voluntary redundancy pay
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Contractual redundancy pay
Voluntary redundancy calculator...
You have the right to statutory redundancy pay if you're an employee and have continuously worked for your employer for 2 years or more.
If you're not sure if you're legally classed as an employee, it's a good idea to talk to your employer and check your employment status.
You will not qualify for statutory redundancy pay if you work in the following types of work:
- armed forces
- crown servants
- domestic service, where you're a member of your employer's immediate family
- police
Working out redundancy pay
How much redundancy pay you get depends on:
- your age
- how long you've worked for your employer
You might get more than the minimum amount the law says you should get ('statutory'), if it's in your contract.
Up to £30,000 of redundancy pay is tax free.
You may not be eligible for statutory redundancy pay if your employer offers you a suitable alternative job and you turn it down.
Redundancy pay is based on:
- your weekly pay before tax (gross pay)
- the years you've worked for your employer ('continuous employment')
- your age
Weekly pay should also include:
- 'guarant
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