Statutory redundancy pay is based on three factors: your age, your length of continuous service (up to a maximum of 20 years), and your weekly pay (capped at £700 for 2026/27).
For each year of service, you receive a multiplier based on your age during that year:
- Under 22: half a week's pay per year
- Age 22 to 40: one week's pay per year
- Age 41 and over: one and a half weeks' pay per year
The maximum statutory redundancy pay for 2026/27 is £21,000 (20 years × 1.5 × £700). Note: this calculator uses your current age as an approximation across all years of service, which may slightly differ from the precise calculation that accounts for your exact age in each year.