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Statutory redundancy pay is based on the weekly pay, years at the job and age of the employee. To calculate the payment amount you can go to the UK Gov website.
ANNUAL
Pay rise / old pay ie If some-one earning $1,000 per week gets a $50.00 pay rise, they have got a 5% pay rise.
If overtime pay is 1 1/2, then it would be calculated like so... (hours worked) x (regular pay) x 1.5
with a calculator. (multiply weekly times 52)