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.