Kent Solicitors

The exact mathematical calculation for working out statutory redundancy pay

To work out the exact statutory pay entitlement of an employee, 3 items of information are needed

The date of birth of the employee

His or her length of service

His or her gross annual salary

The calculation is

A weeks pay (current statutory maximum = 350 pounds a week pay from February 2009)

Multiplied by

0.5 weeks pay for each full year of service where age during year less than 22

weeks pay for each full year of service where age during year is 22 or above, but less than 41

1.5 weeks pay for each full year of service where age during year is 41+

No more than the last 20 years service can be taken into account

Labels: Statutory Redundancy Pay Calculation