Employees with two or more years' service get statutory redundancy pay, worked out from their age, length of service (up to 20 years) and weekly pay, with the weekly amount capped at a figure the Government updates each April. Getting the process right, a genuine redundancy, fair selection and proper consultation, matters just as much as the payment itself.
You can also choose to offer more than the statutory minimum, often through a settlement agreement, in return for a cleaner, agreed exit.
Every situation has its own details, and those details change the right answer. For a read on yours, take the free Employee Situation Check or book a call.
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General guidance to help you decide your next step, not legal advice. Employment law changes, so always check the current position for your own situation.
