Redundancy depends on:
There is an overall maximum amount of redundancy pay you can get at £14,250, even if your actual earnings are higher or your length of service is longer than this. Only complete years of service count and service has to be continuous.
Here’s what you should get:
Your age Redundancy pay
Under 22 Half a week’s pay for each year of service
22 to 40 A week’s pay for each year of service
Over 40 A week and a half’s pay for each year of service
Pay in Lieu of notice
When you’re made redundant your employee has to give you a minimum of one weeks notice for each year you’ve worked for them (up to a maximum of 12 weeks notice £5,748.00).
Up to 8 weeks
Up to 6 weeks holiday pay