Free tool · 2 minutes

Settlement agreement calculator

Answer four quick questions to see what your settlement could be worth — redundancy pay, notice pay and additional compensation all included.

Your employer pays our legal fees — advice costs you nothing
SRA regulated England & Wales 2024/25 statutory rates
1
Situation
2
About you
3
Details
4
Estimate

What's happening to you?

Select all that apply — you can choose more than one.
Please select at least one option to continue.

About you & your pay

Used to calculate your statutory entitlements.
£
Please fill in your age, years of service and salary.

A few more details

These affect your negotiating position and compensation range.
Your estimate is ready
See the full breakdown in the panel →

Our employment solicitors can tell you whether your offer is fair and negotiate for more if it isn't. In almost every case your employer pays our fees.

What's included in the estimate

The calculator covers statutory redundancy pay (2024/25 rate: £643/week cap), your notice pay entitlement, and a compensation range based on your specific circumstances and the strength of any legal claim.

Your employer pays our fees

Settlement agreements must be reviewed by a qualified solicitor. In almost every case your employer pays your legal costs as part of the deal. You get independent advice and it costs you nothing out of pocket.

What happens next

Once you've seen your estimate, speak to one of our employment solicitors. We'll review your agreement, advise whether the offer is fair, and negotiate to improve it where possible — quickly and without jargon.

Common questions

Settlement agreement FAQs

How accurate is the calculator?
The calculator uses the statutory redundancy formula and typical settlement ranges observed in practice. It gives a realistic ballpark — actual amounts depend on your specific facts, the strength of any legal claim, and what your employer agrees to. Use it as a starting point, then speak to a solicitor for a proper assessment.
Do I have to pay for a solicitor?
No. Your employer is required to pay a contribution towards your legal fees as part of the settlement. At Settlement Solicitors our fees are covered by your employer in the vast majority of cases — there is nothing to pay from your own pocket.
Is a settlement payment tax-free?
The first £30,000 of a termination payment — which typically includes statutory redundancy pay and any ex-gratia lump sum — can usually be paid free of income tax and National Insurance. Notice pay and holiday pay are generally taxable. Your solicitor will advise on the exact treatment for your payment.
What if I've been discriminated against?
Discrimination claims significantly strengthen your position and can substantially increase your settlement. Compensation for injury to feelings is also available and is not subject to the £30,000 tax-free limit. Select "Discrimination or harassment" in the calculator to see how this affects your estimate.
How is statutory redundancy pay calculated?
Statutory redundancy pay is calculated using your age, length of service (up to 20 years), and weekly pay (capped at £643 per week in 2024/25). The multiplier per year is: half a week's pay if you were under 22; one week's pay aged 22–40; and one and a half weeks' pay aged 41+. Maximum payment is £19,290.
Can I negotiate a higher settlement?
Yes — in many cases the initial offer is not the employer's best offer. Our solicitors regularly secure improvements by highlighting procedural failings, the strength of a potential claim, or the reputational risk of going to tribunal. You are under no obligation to accept the first figure.

Not sure if your offer is fair?

Speak to one of our employment solicitors. We'll review your agreement and tell you honestly whether you're being offered a fair deal — and negotiate for more if you're not. Your employer pays our fees.

Book a free consultation 020 3058 3365