Calculating your redundancy paymentOur current policy for redundancy payments is applied for both voluntary and compulsory redundancies.
To be entitled to a redundancy payment, an employee must have a minimum of two years of continuous service.
Please enter the information into the calculator below:
The calculation of weeks used is based on:
- 0.5 weeks pay for each full year of service where your age was under 22
- 1 weeks pay for each full year of service where your age was 22 or above, but under 41
- 1.5 weeks pay for each full year of service where your age was 41 or above
Any amount of redundancy payment over £30,000 is subject to tax.
If you are also a member of the Local Government Pension Scheme aged 55 or over, you are entitled to immediate payment of your pension scheme benefits. To calculate your pension benefits please follow the link to the Calculate your Pension Benefits (Redundancy)
The figures quoted are based on the input data and are believed to be accurate but they are only estimates.
Pension benefits are complex and are subject to check and confirmation on final retirement. We disclaim any liability for damages arising from any decision taken based on the figures quoted.