Originally Posted by
Rushed Approach
Well the UK redundancy payment is capped at £525 a week for a max of 8 weeks, is subject to 12% NI (and basic tax at 20% if paid in the tax year of redundancy), and if Monarch is anything to go by won't be paid for almost two years!
I'm hoping I'm not going to need it.....but the GOV.UK caps it at 20 years subject to various age criteria and length of service. And you are quite right, max of £525 a week. The older you are, the more you get.