Compare Redundancy Packages

Our enhanced redundancy calculator lets you see exactly how your employer’s offer compares to what you would receive under statutory rules alone. This comparison helps you understand the true value of any enhancement being offered.

Enter Your Details Required for statutory calculation

To compare packages accurately, you will need your date of birth, employment start date, expected leaving date, gross weekly pay, and your employer’s offer.

This determines which age bands apply to your statutory calculation.

The date continuous employment with your current employer began. Maximum 20 years counted for statutory purposes.

£

Your earnings before tax and deductions. Statutory cap is £719/week.

Enhanced Package Details Your employer’s offer
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Enter the enhanced terms being offered

x statutory

e.g., “2x statutory” means double the statutory formula. Leave blank if not applicable.

weeks

Some employers offer extra weeks on top of statutory entitlement.

£

A fixed additional sum offered regardless of service length.

£

If uncapped, enter your actual weekly pay. If blank, we’ll use your actual pay.

🛈 Understanding the Comparison

When comparing packages, the calculator shows you: Statutory redundancy pay (the legal minimum), Enhanced redundancy pay (what your employer is offering), Enhancement value (the difference between the two), and Enhancement multiplier (how the offer compares as a multiple of statutory, e.g., 1.8x statutory). This helps you benchmark your offer against typical packages in your industry.

⚠ Settlement Agreement Considerations

If you are asked to sign a settlement agreement, you will be waiving your right to bring employment tribunal claims. For a settlement agreement to be valid, you must receive independent legal advice. Your employer should contribute to this cost, typically £350 to £500 plus VAT. You should not be pressured into signing quickly – a reasonable period to consider the offer (typically 7 to 14 days) is standard practice.

Package Comparison

Statutory Minimum
£5,400
Enhanced Package
£15,400
You’re being offered
£10,000 more than statutory

Side-by-Side Breakdown

Component Statutory Enhanced
Weekly pay used £600 (capped) £800 (uncapped)
Years counted 8 years 8 years
Base calculation £5,400 £7,200
Multiplier (2x) – £7,200
Additional weeks – £1,000
Total Package £5,400 £15,400

Tax Considerations

Tax-free threshold £30,000
Your enhanced package £15,400
Estimated tax £0 (under threshold)

Statutory vs Enhanced: What’s the Difference?

Understanding the distinction between statutory and enhanced redundancy pay is essential when evaluating any offer. While statutory pay is a legal entitlement, enhanced packages are voluntary extras that employers may choose to offer.

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Statutory Redundancy Pay Explained

The minimum amount your employer must pay if you qualify. It is set by law under the Employment Rights Act 1996 and calculated using a formula based on your age, length of service, and weekly pay.

  • • Half a week’s pay for each year under 22
  • • One week’s pay for each year aged 22 to 40
  • • One and a half weeks’ pay for each year aged 41+
  • • Weekly pay capped at £719 (2025)
  • • Maximum 20 years service counted
  • • Maximum payout of £21,570

Calculate statutory minimum to see exactly what the law entitles you to.

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Common Enhanced Package Structures

Employers who offer more than statutory redundancy typically structure their enhancements in one of several ways. Understanding these structures helps you compare offers and negotiate effectively.

  • ✓ Multipliers – Paying a multiple of statutory (e.g., 2x or 3x)
  • ✓ Additional weeks – Extra weeks per year on top of statutory
  • ✓ Ex-gratia payments – A fixed lump sum in addition to statutory
  • ✓ Uncapped weekly pay – Using actual earnings rather than the statutory cap
  • ✓ Combination approaches – Blending several methods
  • ✓ Tax-free up to £30,000 combined

Higher earners often benefit more from uncapped weekly pay, whilst long-serving employees may gain more from additional weeks per year approaches.

Common Multiplier Levels and What They Typically Indicate

Multiplier Assessment Typical Source
1x Statutory minimum only Legal requirement
1.5x to 2x Reasonable enhancement Most private sector employers
2x to 3x Generous package Large corporations, professional services
3x+ Exceptional package Public sector, financial services, senior roles

When assessing what is a good redundancy package, UK standards would suggest that anything above 2x statutory represents a generous offer for most private sector employees. However, context matters – a 1.5x multiplier from a struggling small business might be generous given their circumstances, whilst 2x from a highly profitable multinational might be modest.

Tax on Enhanced Packages

Understanding the tax treatment of your redundancy package is essential for knowing what you will actually receive.

The Key Rule

The first £30,000 of redundancy pay (statutory and enhanced combined) is tax-free. This threshold applies to the total of statutory redundancy pay, enhanced redundancy pay, ex-gratia payments, and any other termination payments (excluding notice pay and holiday pay).

What Is Always Taxable

Regardless of the £30,000 threshold, the following are taxed as normal earnings:

  • • Notice pay (whether worked or paid in lieu)
  • • Holiday pay for accrued but untaken leave
  • • Bonuses and commission
  • • Benefits in kind

Tax Above £30,000

Any redundancy payment exceeding £30,000 is taxed as income at your marginal rate. For example, if you receive £45,000 in redundancy pay, £30,000 is tax-free and £15,000 is taxable.

Redundancy payments do not attract National Insurance contributions, even on amounts above £30,000 (though employer NICs may apply to amounts over £30,000).

💵 Example Calculation

Emma receives a total package of £50,000 comprising £12,000 statutory redundancy, £28,000 enhanced redundancy, and £10,000 payment in lieu of notice. The notice pay of £10,000 is fully taxable. Of the £40,000 redundancy element, £30,000 is tax-free and £10,000 is taxable.

Calculate tax on your package to understand exactly what you will take home.

Negotiating Your Package

Many employees do not realise that enhanced redundancy packages can often be negotiated. While there are no guarantees, understanding when and how to negotiate can lead to a better outcome.

Good Opportunities to Negotiate

  • ✓ When offered a settlement agreement (these are inherently negotiable)
  • ✓ When you have long service and institutional knowledge
  • ✓ When the redundancy timeline is tight and your cooperation is valuable
  • ✓ When you have potential claims (discrimination, unfair selection, procedural failures)
  • ✓ When the initial offer is below the employer’s typical enhanced package
  • ✓ When you have specialised skills that make knowledge transfer important

More Difficult Situations

  • • Large-scale redundancies with fixed packages applied company-wide
  • • Small employers with genuine financial constraints
  • • Where you have short service and limited leverage
  • • Where the offer already exceeds typical market rates

Even in difficult situations, it can be worth asking. The worst outcome is usually that the employer says no and you accept the original offer.

Factors That Strengthen Your Position

  • • Potential legal claims: Flawed redundancy process or unfair selection creates leverage
  • • Institutional knowledge: Critical knowledge about systems, processes, clients, or projects has value
  • • Timing pressures: Cooperation with an accelerated timeline has value
  • • Clean departure: Agreeing to confidentiality and non-disparagement has value
  • • Market comparison: Demonstrating that similar employers offer more generous packages

Understanding settlement agreements provides more detailed guidance on this topic.

Common Questions

Common questions about enhanced redundancy packages

This depends on your employer, industry, and circumstances. As a general guide: 1x statutory is the legal minimum, 1.5x to 2x is reasonable for most private sector employers, 2x to 3x is generous, and 3x or more is exceptional. Public sector and financial services often offer more generous terms.

Often, yes. Negotiation is most likely to succeed when offered a settlement agreement, when you have potential legal claims, when you have long service, or when your cooperation with handover is valuable. It costs nothing to ask.

The first £30,000 of combined statutory and enhanced redundancy pay is tax-free. Amounts above this are taxed as income. Notice pay, holiday pay, and other elements are taxable regardless of this threshold.

Compare your offer to the statutory minimum using our calculator. Consider the multiplier (how many times statutory), compare with typical packages in your industry, and factor in any settlement agreement terms you are being asked to accept.

This depends on your circumstances. Consider whether the payment is fair for giving up your right to claim, whether you have any potential claims worth pursuing, and whether the other terms (reference, confidentiality) are acceptable. Always get independent legal advice before signing.

Enhanced redundancy pay is usually paid on your final day of employment or in your final pay packet. If paid as part of a settlement agreement, the timing may be specified in the agreement terms.

Your employer must pay at least statutory redundancy if you qualify. Enhanced payments are voluntary, and some employers genuinely cannot afford them. If your employer is insolvent, you can claim statutory redundancy from the government.

Need Help Understanding Your Package?

If you’re being offered a settlement agreement, consider getting independent legal advice. Many employers will contribute towards legal fees.

Learn About Settlement Agreements