Redundancy pay

[chocchipbrioche]

Hey there,
Hoping someone here (probably Nanny Nick) can give me a quick answer rather than me trawling through websites.
I'm being made redundant in February after working with the family for 4 years. I'm over 40 if that changes factors but I wanted to know if anyone knows how much redundancy I'd be entitled to.
Thanks

I take it you are an employed nanny rather than a childminder.

Google U.K. government redundancy calculator. It’s easy to fill in and will give you an actual figure in an instant.

GovUk has a calculator.

www.gov.uk/calculate-your-redundancy-pay

Generally it’s one week for every year, so a months pay.

If you are 41 or older, it's 1.5 week's pay for each full year you've worked. So 4 years service entitles you to 6 week's pay.

@Bluntness100

Generally it’s one week for every year, so a months pay.

That ignores the age factor.

Its 1.5 weeks for every year that you worked while you are over 40.

Your employer can pay you more but honestly, is unlikely to.

You will also be entitled to notice in line with your contract which can be worked or paid in lieu of notice and any holiday owing will also be due.

Thanks for all the info. When you say a weeks pay or a week and a half pay is that based on my gross or nett weekly wage ?

@chocchipbrioche did you use the calculator, that also has additional information available.

@chocchipbrioche

Thanks for all the info. When you say a weeks pay or a week and a half pay is that based on my gross or nett weekly wage ?

Gross, and the first £30k is not taxable.

The calculator uses Gross per week.
There is a cap of £544 (a bit higher if in Northern Ireland).

If you are on a net pay agreement your gross pay may fluctuate a bit, so use data from your last 3 months of payslips to get an average gross pay weekly amount (divide 3 monthly gross pay total by 13 to get weekly gross average).