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Voluntary Redundancy Calculator
Voluntary redundancy packages usually build on top of the statutory minimum. Set your employer's enhancement multiple to see the full package, not just the legal floor.
Tell us about it
in $ USD$600.00
$
45
10
$719.00
$
1.5
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Estimated Buyout
$13,500.00
In plain English
At age 45 with 10 qualifying years of service and capped weekly pay of $600.00, the estimated redundancy pay is $13,500.00.
How we got there+
| Capped weekly pay | $600.00 |
| Qualifying years | 10 |
| Statutory redundancy pay | $9,000.00 |
| Total redundancy pay | $13,500.00 |
Estimates only, not legal or financial advice. Double-check figures with a qualified professional.
How we got there
— Voluntary Redundancy CalculatorMethodology reviewed: August 17, 2026 · Source: GOV.UK — Calculate your redundancy pay
Frequently asked questions
Q.What's the difference between voluntary and statutory redundancy?▾
Statutory redundancy pay is the legal minimum. Voluntary redundancy packages are offered when an employer asks for volunteers to leave, and often pay more than the statutory minimum as an incentive.
Q.How much more do voluntary packages typically pay?▾
It varies by employer. Some pay exactly the statutory minimum; others offer 1.5x, 2x, or a custom formula. Use the employer's multiple field to model your specific offer.
Q.Should I volunteer for redundancy?▾
Compare the package total to what you'd earn by staying, plus how easily you could find new work. This calculator shows the payout — it can't tell you if it's the right personal decision.
Q.Can I still get statutory redundancy pay on top of a voluntary package?▾
Usually the statutory amount is the floor that any voluntary package builds on, not an extra payment on top of it. Confirm the structure with your employer.
Q.Is a voluntary redundancy offer negotiable?▾
Sometimes, especially for senior or specialist roles. It's worth asking, though employers aren't obligated to improve a voluntary offer.