Use this free calculator to work out exactly how much statutory redundancy pay, notice pay, and holiday pay you are entitled to receive. Updated for April 2026 rates under the Employment Rights Act 2025.
Your statutory redundancy pay depends on three things: your age, your weekly pay (capped at £643 for 2025/26), and your number of complete years of continuous service (maximum 20 years counted). The formula is:
The maximum statutory redundancy pay is £19,290 (20 years × 1.5 weeks × £643). Statutory redundancy pay is completely tax-free.
You are also entitled to notice pay. The statutory minimum is one week for each full year of service, up to a maximum of 12 weeks. If your contract gives a longer notice period, your contract terms apply. Notice pay (or Pay In Lieu of Notice — PILON) is fully taxable.
Any holiday you have accrued but not taken must be paid to you on leaving. If you have taken more holiday than accrued, your employer may deduct the overpayment from your final pay if your contract allows it.
The first £30,000 of your total redundancy payment (statutory plus any enhanced pay) is exempt from income tax and National Insurance. Amounts above £30,000 are taxed at your marginal rate. Notice pay and holiday pay are always subject to normal tax and NI deductions.