How much statutory redundancy pay do I get after 2 years in 2026/27?

Full answer

You only qualify for statutory redundancy pay once you have at least 2 full years of continuous service with your employer, so someone made redundant at exactly the 2-year mark is at the very threshold of eligibility -- anyone redundant even a day before reaching 2 years gets no statutory redundancy pay at all, regardless of how long they have otherwise worked there. For each full year of service you get half a week's pay for years worked while under 22, one week's pay for years worked aged 22 to 40, and one and a half weeks' pay for years worked aged 41 and over, with your age counted at the point each year was worked. A worker who was aged 22 to 40 throughout their 2 qualifying years receives 2 weeks' pay; someone who was 41 or over throughout receives 3 weeks' pay (2 x 1.5); someone under 22 throughout receives just 1 week's pay (2 x 0.5). Weekly pay for the calculation is capped at a statutory maximum set each April, so higher earners do not get the full benefit of their actual salary in the formula. The first £30,000 of any genuine redundancy payment, including statutory and any enhanced contractual amount, is free of Income Tax and National Insurance. Use the redundancy pay calculator to check your exact entitlement based on your age, length of service and weekly pay.

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