Net payment
£25,563.10
Guidance-level estimate only. This is a planning tool, not legal, payroll, or tax advice.
- Statutory redundancy
- £6,471.00
- Enhanced redundancy
- £10,200.00
- Ex gratia payment
- £5,000.00
- Total redundancy payment
- £21,671.00
- Notice pay
- £6,800.00
- Holiday pay
- £1,020.00
- Income to date
- £24,000.00
- Taxable redundancy elements
- £18,020.00
- Total taxable income used
- £42,020.00
- Tax on redundancy package
- £3,604.00
- NIC on redundancy package
- £323.90
Assumptions
- Weekly pay is capped at £719 for statutory redundancy calculations only.
- Years of service are rounded down to full years and capped at 20 years for statutory redundancy.
- Enhanced redundancy uses the entered weeks-per-year figure multiplied by years of service and weekly pay.
- When enhanced redundancy replaces statutory, only the enhanced amount plus any ex gratia payment count towards the redundancy total.
- Holiday pay uses a simple daily-rate estimate based on 5 working days per week and the untaken holiday days entered.
- Tax is estimated by applying UK income-tax bands progressively to year-to-date income plus taxable package elements, then isolating the incremental tax on the package.
- National Insurance is applied only to earnings-type elements (such as PILON and holiday pay), not to qualifying tax-free redundancy sums.
- National Insurance is estimated on the basis that those earnings-type elements are paid in one monthly payroll in the same month.
- This is a planning estimate only and is not legal, tax, payroll, or employment advice.