Rates · 2 years prior

Statutory redundancy rates 2024/25

The rate card that applied between 6 April 2024 and 5 April 2025. Use this if the termination fell in this window. The 6-month statutory claim window from a 2024/25 termination closed by October 2025.

The headline numbers

Weekly cap

£700

From £643 in 2023/24

Total cap

£21,000

20 yrs × 1.5 wk × £700

Statutory Instrument

The 2024/25 rates were set by the Employment Rights (Increase of Limits) Order 2024 (SI 2024/322), made under ERA 1996 s.227. The Order came into force on 6 April 2024.

CPI driver

The 2024/25 uprating from £643 to £700 was a 8.9% increase, tracking the September 2023 CPI peak of 6.7% plus a discretionary topping-up to keep pace with longer-term wage growth. The 2025/26 uprating to £719 (2.7%) reverted to a more typical CPI-anchored level.

Backdated 2024/25 claims

The statutory 6-month claim window from a 2024/25 termination has now generally closed. A late claim depends on the tribunal's discretion under ERA 1996 s.164, which can extend by up to a further 6 months if just and equitable. Insolvency Service claims via RP1 have a separate, more flexible timetable.