$Employment Rights Act 1996
Statutory Redundancy Pay Calculator
Calculate your statutory end-of-service gratuity, redundancy pay, or severance based on service tenure and last drawn basic salary.
Verified Against Employment Rights Act 1996Ruleset: Statutory Formula100% Free • No Sign Up Required
Regional Rules ActiveCurrency: GBP (£)
United Kingdom Statutory Calculator
Employment Service & Salary
Basic wage excluding non-fixed allowances
£
Full completed years
yrs
Additional months
mos
Statutory Eligibility Confirmed
Eligible under Employment Rights Act 1996 (requires ≥ 2 continuous years of service).
Estimated Statutory Redundancy Pay
EligibleCalculated based on 60 months of service
Estimated Payout
£3,500.00
Service Tenure
5y 0m
Governing Statute
Employment Rights Act 1996
Statutory redundancy pay is tax-free up to £30,000 under UK tax law.
Calculation Breakdown
Summary in GBP
| Component | Amount | Share |
|---|---|---|
Last Drawn Monthly Basic Salary | £3,500.00 | Salary Basis |
Completed Service Duration | 5 yrs, 0 mos | 60 months |
Statutory Eligibility Status | Eligible | Eligible under Employment Rights Act 1996 (requires ≥ 2 continuous years of service). |
Estimated Statutory Redundancy Pay | £3,500.00 | Redundancy = Weekly Pay (capped at £700) × 5 Years = £3,500 |
Got Questions?
Frequently Asked Questions: Statutory Redundancy Pay
Details on statutory criteria, tax exemptions, and payout formulas.
Redundancy = Weekly Pay (capped at £700) × 5 Years = £3,500
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