Redundancy Pay Entitlement
Your employee will be entitled to redundancy pay if at the point of being made redundant they have been employed by you for a minimum of 2 years.
The amount of redundancy pay due to them depends on their age and weekly pay amount.
Employee Age | Redundancy Pay due per full year of employment |
Between 18 and 21 | Half a week’s pay or £262.50, whichever is lower |
Between 22 and 40 | One week’s pay or £525, whichever is lower |
41 or Above | One and a half week’s pay or £787.50, whichever is lower |
We urge all NannyPaye clients to call our office for further assistance on accurately calculating Redundancy Pay.