Statutory Redundancy Pay Calculator 2026/27

Statutory redundancy pay is based on your age, continuous years of service (up to 20), and weekly pay (capped at £751 for 2026/27). You get half a week's pay for each full year worked when under 22, one week's pay for each year aged 22–40, and one and a half week's pay for each year aged 41 or over.

For 2026/27, the maximum is £22,530 — based on 20 qualifying years × 1.5 weeks × £751 weekly pay cap. This applies to employees aged 41 or over with at least 20 years' service.

Generally yes. Statutory redundancy pay is exempt from income tax and National Insurance, as it falls within the £30,000 termination payment exemption. Enhanced redundancy pay above the statutory amount may be taxable depending on how it is structured.