Statutory Redundancy Payment

Calculation of the SRP

The Statutory Redundancy Payment SRP is calculated in exactly the same way as the basic award for unfair dismissal in accordance with the formula below (s.162 ERA):

[AGE FACTOR] x [SERVICE] x [WEEK’S PAY]

Age Factor

The employee’s age factor is as follows:

Statutory Redundancy Payment

1½ weeks’ pay For each complete year of service in which the employee was 41 or over

1 week’s pay For each compete year of service in which the employee was between the ages of 22 and 41

½ week’s pay For each complete year of service in which the employee was below the age of 22

Note that you never use the employee’s actual age in the calculation; just the employee’s age factor.  

Service

Service is calculated in complete years backwards from the EDT to a maximum of 20 years.

 Weeks’ Pays

The week’s pay is the actual gross weekly pay up to a maximum which is reviewed annually in April:

  • The weekly maximum for 2020/22 is £544. 

  • The weekly maximum for 2022/23 is £643. 

If the employee’s actual weekly pay is less than the statutory maximum, the actual weekly pay should be used in the calculation. 

Particulars of Claim Statutory Redundancy Payment Claim

Make a Tribunal claim for Statutory Redundancy Payment Claim.

Employment Advice

Employment Coach

Employment coaching service has been developed to provide individuals the ability to overcome their own workplace conflict or employment concerns, when they do not have want to pay a retainer to hire a solicitor. I provide an affordable alternative to expensive solicitor’s fees, and I am able to walk you through the steps of any procedure as well as provide the paperwork that you will want for your workplace dispute. The fees of solicitors are high and these legal costs you incur are not recoverable because costs are rarely awarded in employment tribunal. Getting access to good advice does not have to be expensive it should be straightforward and honest and will resolve your problem, normally with compensatory settlement.

Employment Adviser

I have 20 years of experience teaching law. Additionally, I have a lot of expertise in employment law and have helped individuals as well as companies. There have been a lot of profitable results, but more than that, I have had hundreds of cases that settled because the employer was unable to win. Why not have someone teach you employment law if you are experiencing issues at work? When you are facing problems at work, I can provide you helpful suggestions and guide you to a positive result. Employment matters where I advise, seldom go to final hearing at the employment tribunal, because the case has been argued correctly from the outset. Here are some examples where I can help you:

Help offered

  • I am facing discrimination at work

  • I am facing maternity discrimination

  • I am facing race discrimination

  • I am facing disability discrimination

  • I want to bring a tribunal claim

  • How do I prepare for a Preliminary Hearing?

  • How to prepare a list of issues

  • How to prepare a schedule of loss

  • What is asserting a statutory right?

  • Claim constructive dismissal

  • Is my Redundancy fair