Understand the financial offer
Use our settlement agreement calculator to estimate the main financial parts of an employment settlement offer. Enter details of your salary, notice period, outstanding holiday, statutory redundancy pay, compensation and other payments to produce an estimated breakdown before reviewing the figures against the terms of your agreement.
Confidential enquiry
Leave your details and a member of our team will contact you.
Understanding the figures
An employment settlement offer can contain several different payments. The calculator separates the main financial parts so you can see how the figures may have been calculated and compare the estimated breakdown with the amounts in your employer’s offer. The result is an estimate only, so the figures should still be checked as part of a settlement agreement review before you sign.
Estimate the value of your contractual notice period using your gross weekly pay and the number of notice weeks entered.
Calculate an estimated value for unused holiday based on your weekly pay and normal working days.
Produce an estimated statutory redundancy figure using your age, completed service and gross weekly pay.
Add compensation, bonuses, commission and other contractual or termination payments to estimate the overall financial package.
Estimate your offer
Enter the figures from your employment and proposed agreement to produce an estimated payment breakdown. You can then add your contact details and prepare the calculation for Pembridge Solicitors.
Calculator FAQs
No. The result is an illustrative estimate based on the information you enter. It does not determine what your employer must pay and does not replace the figures recorded in the settlement agreement. The complete document should still be checked as part of a settlement agreement review before you sign.
No. Different parts of a settlement agreement can receive different tax treatment. Salary, notice pay, holiday pay, bonuses and compensation may not all be treated in the same way. Your solicitor can explain the tax wording in the agreement, but specialist tax advice may be required in more complicated cases.
No. The calculator does not assess the strength or potential value of an unfair dismissal, discrimination, whistleblowing or other employment claim. That assessment depends on the circumstances, available evidence, possible financial loss and the legal issues involved.
The calculator can provide an estimated statutory redundancy payment using your age, completed years of service and gross weekly pay. It does not automatically calculate an enhanced or contractual redundancy package offered under an employment contract or workplace redundancy scheme.
First, check that the information entered matches your contract, payslips and proposed agreement. A difference does not automatically mean that your employer’s calculation is wrong. Ask your solicitor to check the relevant payment before the agreement is signed. If the offer does not reflect your circumstances, we can also explain your options for negotiating a settlement agreement .
Yes. Settlement agreements are also used for agreed departures, workplace disputes and other employment situations. You can still estimate notice pay, holiday pay, compensation, bonuses and other payments. The statutory redundancy figure will not apply if your employment is not ending because of redundancy. Our guide to settlement agreements for employees explains some of the other situations in which an agreement may be offered.
Use your gross weekly pay before tax and other deductions. If your pay changes from week to week, the correct figure may need to be calculated from an average of an appropriate pay period. Regular contractual overtime, bonuses or commission may also need to be considered.
Differences can arise from the weekly pay figure used, contractual notice terms, working patterns, unused holiday, rounding or payments that have been treated separately. Your employer may also be offering an enhanced payment above the statutory minimum. A solicitor can check how each figure has been calculated and described.
Independent legal advice
The calculator provides an estimate, but it cannot assess the legal claims being settled or the effect of the agreement’s wording. Our employment solicitors can review the complete document, check the payment figures and explain any terms that may require further attention before you sign.
The calculator result is an estimate and does not constitute legal or tax advice.
