Managing Change, Restructures & Redundancies

Statutory Redundancy Pay is currently set at £525 per week. The maximum statutory redundancy pay is £15,750. Length of service is capped at 20 years.

It is paid at:

▪ half a week’s pay for each full year you were under 22
▪ one week’s pay for each full year you were 22 or older, but under 41
▪ one and half week’s pay for each full year you were 41 or older

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