Hi,
I am trying to work out a formula that will work out the amount of statory pay. These are the following reference point
Age 16 - 21 - 0.5 weeks per years service
Age 22 - 40 - 1 week pay per years service
Age 41 and over - 1.5 weeks per years service
Additionally 0 - 2 years service does not give rise to any weeks, eg 10 years service at the age of 25 is 8 weeks pay. I have the following spreadsheet.
Age Range Week Weekly pay Statuary pay
16 21 0.5 464
22 40 1 464
41 100 1.5 464
under 2 years 0
Date of Birth Age Start Date Current date Length of Service (Complete Years) Under 2 years Amount of years for pay Age when started
02/06/1972 42 06/05/1990 26/11/2014 24 2 22 17
Any help is much appreciated
Neal
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