For each complete year of service (up to a maximum of 20 years), employees are entitled to:
- for each complete year up to age 22: half a week’s pay*
- for each year of service at age 22 but under 41: 1 week’s pay*
- for each year of service at age 41 or over: 1.5 weeks’ pay*
* A week’s pay is what an employee is entitled to under their contract of employment, subject to a maximum statutory limit – currently £643 per week.
To keep up to date on the latest information on redundancy rights and pay, please refer to the government web pages.