What is the maximum UK statutory redundancy payment in 2024?

Maximum = 20 years × 1.5 (41+ band) × £643 weekly cap = £19,290 for 2024/25. The weekly pay cap and maximum years of service (20) are reviewed annually. Enhanced redundancy above statutory minimum is subject to negotiation.

Is redundancy pay taxable?

The first £30,000 of any termination payment (including statutory redundancy) is tax-free. Amounts above £30,000 are subject to income tax. Statutory redundancy is not subject to NICs regardless of amount.

UK Statutory Redundancy Pay Calculator (Age

How It Works

Calculate UK statutory redundancy pay based on age, weekly pay (capped at £643/week for 2024/25), and complete years of service. Applies Employment Rights Act 1996 age-banded multipliers: 0.5 (under 22), 1.0 (22–40), 1.5 (41+)

Each component has a specific meaning:

Age — The age recorded for the scenario being assessed.
Weekly pay (capped at £643/week — The weekly pay (capped at £643/week recorded for the scenario being assessed.

Note: Interpret the uk redundancy pay result against the thresholds and context described above.

How to Use

Enter the age, weekly pay (capped at £643/week for the scenario you are assessing. Calculate UK statutory redundancy pay based on age, weekly pay (capped at £643/week for 2024/25), and complete years of service. Applies Employment Rights Act 1996 age-banded multipliers: 0.5 (under 22), 1.0 (22–40), 1.5 (41+). Use the uk redundancy pay result to inform your calculation.

UK Statutory Redundancy Pay Calculator (Age Bands)

Statute of Limitations

How It Works

How to Use

Frequently Asked Questions