What you're entitled to
If you’ve been working for the same employer for 2 years or more you’ll be entitled to statutory redundancy pay. The exceptions to this, where you will not be entitled, are:
If you’ve been laid off temporarily without pay, or less than 50% of your pay, you may still be able to claim statutory redundancy.
How much do you get?
For every complete year you were employed, but younger than 22 years old, you will receive half a week’s pay per year. For every year you were employed aged between 22 and 41 you’ll get 1 full week’s pay per year. For every year employed when you were aged 41 or above you will receive 1 and a half week’s salary per year.
Tax is not payable on redundancy pay under £30,000, but income tax and national insurance contributions will be deducted by your employer from any holiday pay or wages they may still owe you.
To work out how much redundancy pay you’re entitled to use this free calculator.