Losing a job due to redundancy can be challenging, but if you qualify for statutory redundancy pay (SRP) in the UK, you are entitled to compensation. This financial support is designed to help employees transition after job loss due to downsizing, business closure, or restructuring.



In this guide, we’ll cover who is eligible for redundancy pay, how much you can receive, and how to claim it.



What is Statutory Redundancy Pay?

Statutory redundancy pay is the minimum compensation an employer must provide to eligible employees who are made redundant. It is separate from any contractual redundancy pay, which some employers offer in addition to the statutory minimum.



To qualify, redundancy must be genuine, meaning the job role is no longer needed, not due to misconduct or poor performance.



Who Qualifies for Statutory Redundancy Pay?

You are entitled to statutory redundancy pay if:



✔️ You have worked for your employer continuously for at least 2 years.

✔️ You are classed as an employee (not a freelancer or contractor).

✔️ Your job is being eliminated due to genuine redundancy reasons.