How much statutory redundancy pay do I get after 5 years in 2026/27?

Full answer

Statutory redundancy pay is based on your age in each year of continuous service, your length of service and your weekly pay, subject to a statutory cap that is uprated each April. For each full year worked you get half a week's pay for years when you were under 22, one week's pay for years aged 22 to 40, and one and a half weeks' pay for years aged 41 and over. After 5 years, someone who was aged 22 to 40 throughout receives 5 weeks' pay. An older worker who was 41 or over for all 5 years receives 7.5 weeks' pay, while someone under 22 throughout would receive only 2.5 weeks. A mix of ages across the 5 years produces a figure in between these extremes, calculated year by year rather than as a simple average. Your weekly pay for the calculation is capped at a statutory limit, so higher earners do not get the full benefit of their actual salary reflected in the statutory formula, even though many employers offer enhanced contractual redundancy on top. The first £30,000 of any genuine redundancy payment is tax-free and free of National Insurance; amounts above £30,000 are taxed as income through PAYE. Pay in lieu of notice and accrued holiday pay are taxed in full separately and do not count towards the £30,000 exemption. Use the redundancy pay calculator to enter your exact age, service and weekly pay.

Try the calculator

More answers

• How much statutory redundancy pay do I get after 10 years in 2026/27?
• Is redundancy pay taxable in the UK?