Severance and Redundancy Pay Calculator
Updated on 22 Oct 2026 · Checked by Aotob
After 10 years on $900 a week you’d get $18,000 at 2 weeks per year.
There is no statutory amount here; enter your employer’s policy.
Severance pay
$18,000
US law doesn’t require severance; it comes from your contract or company policy, often 1 to 2 weeks per year. It is taxed as wages.
Show the working
2 × 10 × 900 = 18,000
By years of service
| Years | Policy |
|---|---|
| 2 | 3,600 |
| 5 | 9,000 |
| 10 | 18,000 |
| 15 | 27,000 |
| 20 | 36,000 |
| 25 | 45,000 |
Questions people ask
How is UK statutory redundancy pay worked out?
Half a week’s pay for each year under 22, one week for each year aged 22 to 40, and one and a half weeks for each year aged 41 or over, up to 20 years, with a week’s pay capped at £751 (from April 2026).
What about Ireland and Australia?
Ireland: 2 weeks’ pay per year plus 1 week, with pay capped at €600 a week, after 2 years. Australia: 4 to 16 weeks depending on service under the National Employment Standards.
Is redundancy pay taxed?
In the UK the first £30,000 is tax-free. Ireland has tax-free basic and increased exemptions. In the US severance is taxed as wages.
Updated 22 Oct 2026Source: UK Employment Rights Act, Irish Redundancy Payments Acts, Australian Fair Work ActChecked by AotobNot legal advice; your contract may pay more.Report an issue