Estimate Your Redundancy Pay (Gibraltar)
Use this tool to get a fast estimate of redundancy compensation, plus optional notice and unused holiday pay.
Important: This is an informational calculator, not legal advice. Gibraltar employment law, collective agreements, and contract terms can change outcomes.
How this Gibraltar redundancy calculator works
If you are facing redundancy in Gibraltar, one of your first questions is usually: How much am I entitled to? This page gives you a practical estimate based on salary, years of service, age, and optional extras such as notice pay and accrued holiday.
The calculator focuses on gross amounts so you can understand your package before payroll deductions. It is useful for planning, negotiating, or checking whether an offer appears reasonable.
What inputs matter most
1) Gross monthly salary
Your gross monthly pay is converted to a weekly figure. Redundancy formulas are usually expressed in weeks of pay, so this is the foundation for the whole estimate.
2) Continuous service
Most redundancy frameworks reward length of service. Enter completed years, then add extra months if you want a more precise estimate. You can switch pro-rata months on or off.
3) Age at termination
Some models use age bands and apply different multipliers by year of service. This calculator includes an age-banded option (0.5 / 1 / 1.5 weeks) for comparison when relevant to policy or contract wording.
4) Weekly cap, notice, and unused leave
- Weekly pay cap: useful where a statutory or contractual cap is applied.
- Notice weeks: adds estimated notice pay where owed.
- Unused leave days: converts accrued leave into a gross cash estimate.
Simple example
Suppose someone earns £2,600/month, has 8 years and 6 months of service, and chooses the simple model (2 weeks per year), with no cap. Weekly pay is estimated from monthly salary, redundancy weeks are calculated from service, and then notice plus holiday can be added. The result gives a clear estimate of total gross package value.
Common mistakes people make
- Using net salary instead of gross salary.
- Forgetting to include unused annual leave.
- Not checking whether a weekly cap applies.
- Assuming all employers use exactly the same redundancy formula.
- Ignoring the impact of contract terms, collective agreements, or settlement wording.
Before you accept a final redundancy offer
Use this checklist
- Confirm your official termination date in writing.
- Check your continuous service start date.
- Review notice entitlement and payment in lieu terms.
- Ask HR for a breakdown: redundancy pay, notice pay, leave pay, and any bonus/commission treatment.
- Get professional legal advice for disputes or unclear terms.
Final note
A good redundancy calculator should help you ask better questions. This one is designed to be transparent: you can see your inputs, your chosen formula, and the full estimate breakdown. For a binding figure under Gibraltar employment law, request a formal calculation from your employer or seek legal advice.