Skip to content
Clarke & Son Blog

Statutory redundancy pay rates increase for 2017-18

Paul Cowdery, Partner & Head of Employment Law

– As from 6th April 2017, the maximum amount that can be used to calculate an employee’s statutory redundancy pay has increased to £489.00. If you require further information on redundancy processes we can advise.

Calculations for statutory redundancy pay are based on an employee’s weekly pay (subject to the maximum amount), length of continuous service and age:

  • for every year of employment in which the employee was aged 41 or over, he or she is entitled to receive one and a half weeks’ pay;
  • for every year of employment in which the employee was aged between 22 and 40, he or she is entitled to receive one week’s pay; and
  • for each year of employment in which the employee was aged under 22, he or she is entitled to receive half a week’s pay.

Read more: http://www.personneltoday.com/hr/statutory-redundancy-pay-rate-2017-increases/

If you have a query or would like to book an appointment please get in touch with our First Contact team on 01256 320555 or email: mail@clarkeandson.co.uk

Feel free to share:

Facebook
Twitter
LinkedIn
Whatsapp

Contact Details

If you have any questions or would like to enquire about one of our services, please fill in the enquiry form below and one of the team will get back to you.