Use this free calculator to estimate the statutory redundancy lump sum you are entitled to under the Redundancy Payments Acts 1967 to 2014. To qualify you must have at least 104 weeks (2 years) of continuous service with your employer at the date of dismissal. The formula is two weeks gross pay for each year of service, plus one bonus week, with weekly pay capped at €600.
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Frequently Asked Questions
Q: Is statutory redundancy tax-free? A: Yes — up to €10,160 plus €765 per complete year of service. The Increased Exemption can add €10,000 in some circumstances. Q: Is statutory redundancy the same as an ex-gratia payment? A: No. The statutory amount is the legal minimum. Your employer can offer more (an ex-gratia payment) on top, often in exchange for signing a settlement agreement. Q: What if my employer is insolvent? A: You can apply to the Department of Social Protection under the Insolvency Payments Scheme for the statutory amount.
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Online Legal Services is an Irish-regulated solicitor practice offering fixed-fee online legal services. We help individuals, families, and SMEs with conveyancing, probate, family law, employment law, and commercial law. Visit our home page or browse our fixed-fee services.
