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Q. What is a redundancy going to cost me?

A.

Providing your Contracts of Employment do not allow for any enhanced redundancy pay, then you are dealing with statutory redundancy pay. 

Statutory compensation is due when an employee has worked for you for 1 year 51 weeks.

Statutory compensation is calculated based on their weekly pay, their age group and their length of service.

There is a useful calculator on the Government website. Statutory Redundancy Pay Calculator

Tracy Green
Tracey Murphy
Managing Director
01772 914085
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