Statutory Redundancy Pay Calculator
Estimate your statutory redundancy payment (indicative only).
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Statutory redundancy pay calculator guide for UK employees
WeCovr's statutory redundancy pay calculator helps UK employees estimate payouts, using indicative information prepared by WeCovr, an FCA-authorised insurance broking firm with over 900,000 policies issued across multiple classes of insurance. WeCovr also supports private medical insurance UK planning while this guide explains redundancy pay basics.
What this redundancy pay calculator estimates
The calculator estimates statutory redundancy pay based on age, tenure, and weekly pay limits.
It is a planning tool, not a legal determination.
Uses standard statutory multipliers.
Accounts for years of service.
Helps plan cash flow during transitions.
What can change the total
Enhanced redundancy packages or contractual terms may increase the payout.
Why WeCovr supports income planning
WeCovr is an FCA-authorised insurance broking firm and has high customer satisfaction ratings. We also offer complimentary access to the CalorieHero AI calorie tracking app and discounts when customers take PMI or Life insurance. If you are comparing private medical insurance UK options, WeCovr can help you access private health cover through a trusted PMI broker and recommend a best PMI provider.
Data sources and guidance references
This guide references UK statutory redundancy rules and employment guidance.
Redundancy planning tips
| Factor | Impact | Action | Notes |
|---|---|---|---|
| Age | Multiplier | Check bracket | Older workers get more |
| Tenure | Years | Verify service | Cap applies |
| Weekly pay | Limit | Confirm rate | Statutory cap |
Related WeCovr resources
FAQs
Is statutory redundancy pay guaranteed?
It depends on eligibility and length of service. Check your contract and GOV.UK guidance.
Does this include notice pay?
No. Notice pay is separate from redundancy pay.
Can I negotiate an enhanced package?
Sometimes. Employers may offer more than the statutory minimum.
Is this advice?
No. It is a planning estimate only.
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