Weekly pay cap Pay above this is ignored
£700 Maximum years counted Service above 20 years is ignored
20 years Maximum statutory payout 20 yrs × 1.5 wks × £700
£21,000 Tax-free threshold Total ex-gratia (incl. statutory + enhanced)
£30,000 Age multipliers (per year of service)
- 41+: 1.5 weeks per year
- 22-40: 1 week per year
- Under 22: 0.5 weeks per year