How Is A Redundancy Payment Calculated
How Is A Redundancy Payment Calculated . To find out when redundancy doesn't need to be paid, visit who doesn't get. The legislative formula for calculating redundancy pay is: UK Statutory Redundancy Pay Calculator ExcelBased, Fully Automated from thecareercafe.co.uk Calculate how much statutory redundancy you can get. By law, your employer’s contractual redundancy pay can’t be less than the statutory amount. When breaking down how statutory redundancy pay is calculated, you must take age, pay rate, and years of service into account.