Redundancy payments from the Insolvency Service
If you’ve been made redundant and applied to the Insolvency Service for a redundancy payment or other money you’re owed, wewe'll will write to you toand let you know what we can pay you.
- From:
- The Insolvency Service
- Published
- 17 May 2019
- Last updated
-
6 April
20242025 — See all updates
Documents
Details
Your redundancy payment is made up of several components. The attached publication explains how we work out what you’re owed and how we’ll let you know what we can pay you.
Updates to this page
Published 17 May 2019
Last updated 6 April 2024
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Update history
2025-04-06 00:01
Guide updated with the 2025 weekly payment cap figure.
2024-04-06 05:30
Changes of your weekly pay to £700 and the maximum statutory redundancy pay to £21,000NI deductions decreased to 8%
2024-01-05 15:01
Change in rate of National Insurance announced in autumn statement from 12% on payments above the primary threshold to 10% effective on taxable payments calculated by RPS on or after 6 Jan 2024.
2023-06-16 15:55
Due to Government re-shuffle – removing the wording “Secretary of State for Business, Energy and Industrial Strategy” to replace with Secretary of State for business and Trade.
2023-04-11 12:58
RPS statutory limits change for the new financial year 2023-2024
2022-10-12 15:05
Update to National Insurance deduction rates.
2022-09-08 12:17
Updated link for amending a redundancy claim
2022-05-06 16:31
Section 2: Updated with National Insurance reduction rates
2022-04-06 10:19
Update to show the increase in the weekly pay limit on 6 April 2022
Details
Your redundancy payment is made up of several components. The attached publication explains how we work out what you’re owed and how we’ll let you know what we can pay you.
Updates to this page
Published 17 May 2019
Last updated 6 April 2024
+ show2025
href="#full-history">+ show all updates
-
Sign up for emails or print this page
Update history
2025-04-06 00:01
Guide updated with the 2025 weekly payment cap figure.
2024-04-06 05:30
Changes of your weekly pay to £700 and the maximum statutory redundancy pay to £21,000NI deductions decreased to 8%
2024-01-05 15:01
Change in rate of National Insurance announced in autumn statement from 12% on payments above the primary threshold to 10% effective on taxable payments calculated by RPS on or after 6 Jan 2024.
2023-06-16 15:55
Due to Government re-shuffle – removing the wording “Secretary of State for Business, Energy and Industrial Strategy” to replace with Secretary of State for business and Trade.
2023-04-11 12:58
RPS statutory limits change for the new financial year 2023-2024
2022-10-12 15:05
Update to National Insurance deduction rates.
2022-09-08 12:17
Updated link for amending a redundancy claim
2022-05-06 16:31
Section 2: Updated with National Insurance reduction rates
2022-04-06 10:19
Update to show the increase in the weekly pay limit on 6 April 2022
Details
Your redundancy payment is made up of several components. The attached publication explains how we work out what you’re owed and how we’ll let you know what we can pay you.
Updates to this page
Sign up for emails or print this page
Update history
2025-04-06 00:01
Guide updated with the 2025 weekly payment cap figure.
2024-04-06 05:30
Changes of your weekly pay to £700 and the maximum statutory redundancy pay to £21,000NI deductions decreased to 8%
2024-01-05 15:01
Change in rate of National Insurance announced in autumn statement from 12% on payments above the primary threshold to 10% effective on taxable payments calculated by RPS on or after 6 Jan 2024.
2023-06-16 15:55
Due to Government re-shuffle – removing the wording “Secretary of State for Business, Energy and Industrial Strategy” to replace with Secretary of State for business and Trade.
2023-04-11 12:58
RPS statutory limits change for the new financial year 2023-2024
2022-10-12 15:05
Update to National Insurance deduction rates.
2022-09-08 12:17
Updated link for amending a redundancy claim
2022-05-06 16:31
Section 2: Updated with National Insurance reduction rates
2022-04-06 10:19
Update to show the increase in the weekly pay limit on 6 April 2022