3 articles tagged with Statutory Redundancy Pay.
Being made redundant at 50+ opens up early pension access options most younger workers don't have. How redundancy pay, pension freedoms and tax interact in 2026/27.
The first £30,000 of most redundancy payments is tax-free, but not every part of a redundancy package qualifies — and anything above £30,000 is taxed at your marginal rate. Here's how to work out what you'll actually receive.
Statutory Redundancy Pay 2026: £751 weekly cap, £22,530 maximum, tax-free up to £30,000. PILON tax rules, consultation rights and employer insolvency explained.
