How to find your weekly average for a lump sum redundancy payment

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qreus1

Registered User
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Hi, does anyone know how to calculate the lump sum part of a redundancy deal? I thought it was calculated on your average weekly salary over the previous 3 years, but now I've heard that you disregard the last 13 weeks of your salary and get the average for the previous 13 weeks. Would appreciate any info.
 
Ive tried those sites, but all the info relates to statutory redundancy payments. I'm trying to find out how your average weekly pay is calculated in relation to a non-statutory lump sum payment.
 
Surely the rules for non statutory payment calculations are down to the individual employer/contract of employment etc.?
 
Clubman is correct, the "rules" for the calculation of the non statutory are based on agreement between the employee/s and thew employer.

eg 3 week plus "stat" plus €1000 , including overtime and shift. Overtime based on average weekly o/t over last last 12 omnths (up to date of the announcement of redundancy . Bonus not included. Capped at 104 pay.

There are as many examples as there are employments. The above is an example ...Not a real life company.

good luck anyway
 
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