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How do I calculate my redundancy payment?

The calculation takes into account your age, length of service and weekly pay (currently capped at £475). It is:

  • 1.5 weeks’ pay for each complete year you are over 41 years old;
  • 1 week’s pay for each complete year you are over 22 but under the 41 years old;
  • 0.5 weeks’ pay for each complete year you are 22 years old and under.
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