Redundancy Payout Calculator
Estimate statutory redundancy pay and total package value
Calculate redundancy payout using age-based service multipliers, weekly-pay caps, notice pay, and employer top-up assumptions.
How this redundancy estimate works
This model applies completed-years rules (max 20), age-band multipliers, and a weekly-pay cap to estimate statutory redundancy payout, then adds optional notice and employer top-up.
Common use cases
- Check if an offer is above or below statutory baseline
- Model age and tenure impact on payout
- Estimate total package including notice and top-up
What you get
- Statutory payout estimate
- Transparent multiplier breakdown
- Estimated total package scenario
Quick Result
Estimated total package
$7,600
Statutory: $4,200
Based on
- • Age at termination: 35
- • Completed service years used: 6 (max 20)
- • Weekly pay used for statutory calculation: 700
- • Statutory weeks: 6.0
Year-by-Year Multiplier Breakdown
Key Insights & Concepts
| Service Year | Age Used | Multiplier |
|---|---|---|
| 6 | 34 | 1.0 |
| 5 | 33 | 1.0 |
| 4 | 32 | 1.0 |
| 3 | 31 | 1.0 |
| 2 | 30 | 1.0 |
| 1 | 29 | 1.0 |
Related Tools
Key Insights & Concepts
Frequently Asked Questions
This tool is for illustrative purposes only and does not constitute professional financial, tax, or legal advice. Calculations are estimates and may not reflect real-world variables or local regulations. Always consult with a qualified professional before making financial decisions.
Methodology and Trust
Formulas
Statutory weeks
sum(age-band multiplier for each completed year, up to 20 years)
Statutory payout
statutory weeks × min(weekly pay, weekly cap)
Estimated total package
statutory payout + (top-up weeks × weekly pay) + (notice weeks × weekly pay)