Finance Fact Library

Statutory Redundancy Pay

How statutory redundancy pay is worked out, the cap on a week's pay, and the most anyone can get.

Cap on a week's pay

£751

Your weekly pay is the average over the 12 weeks before your redundancy notice, and anything above this cap is ignored.

GOV.UK · since 6 Apr 2026 · checked 9 Nov 2026

Most statutory redundancy pay you can get

£22,530

That's 20 years of service at 1.5 weeks' pay each, at the weekly cap. Your employer can offer more.

GOV.UK · since 6 Apr 2026 · checked 9 Nov 2026

Most years of service counted

20 years

Only your most recent 20 years with the employer count.

GOV.UK · checked 9 Nov 2026

Service needed to qualify

2 years

You're only entitled to statutory redundancy pay if you've worked for your employer for at least this long.

GOV.UK · checked 9 Nov 2026

Weeks' pay per full year of service, under 22

0.5 weeks' pay

For each full year you were under 22.

GOV.UK · checked 9 Nov 2026

Weeks' pay per full year of service, aged 22 to 40

1 week's pay

For each full year you were 22 or older but under 41.

GOV.UK · checked 9 Nov 2026

Weeks' pay per full year of service, aged 41 or over

1.5 weeks' pay

For each full year you were 41 or older.

GOV.UK · checked 9 Nov 2026

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