How does the Directors Redundancy Calculator work?
By law, eligible directors are entitled to claim half a week’s pay for each full year of service under 22 years of age; one week’s pay for each full year of service between 22 and 41 years of age; and one and a half week’s pay for each full year of service over 41 years of age. In order to claim redundancy & to maximise your statutory entitlements, you must have at least 2 years of continuous employment.
To save you doing the maths, we’ve done the sums already in our user friendly calculator.