Getting made redundant at a UK fintech in the middle of the sector's heaviest layoff wave in years doesn't change what you're legally owed, but very few people going through it actually check the numbers against the law before signing whatever the company puts in front of them. This is general information on UK employment law, not legal advice for your specific situation, so treat it as a starting checklist and verify the details with ACAS or an employment solicitor before you sign anything.
Statutory notice, the legal minimum
Under the Employment Rights Act 1996, you're entitled to at least one week's statutory notice for each full year worked, up to a maximum of 12 weeks, unless your contract specifies a longer notice period, in which case the contractual term applies instead. A lot of fintech contracts, especially at senior levels, specify one to three months regardless of tenure, so check your actual contract before assuming the statutory minimum is what applies to you.
Statutory redundancy pay
If you've been continuously employed for two years or more, you're entitled to statutory redundancy pay calculated by age band for each full year of service: half a week's pay for each year under age 22, one week's pay for each year between 22 and 40, and one and a half week's pay for each year 41 and over, capped at 20 years of service and subject to a statutory weekly pay cap reviewed annually. Many companies, particularly at the senior levels common in fintech, offer an enhanced package above the statutory minimum, and that enhanced portion is exactly where negotiation room actually exists.
Collective consultation, if the layoff is large enough
If an employer is proposing 20 or more redundancies at one establishment within a 90-day period, they're legally required to consult with employee representatives for a minimum of 30 days before the dismissals take effect, rising to 45 days for 100 or more redundancies, and to notify the Insolvency Service via an HR1 form. If your fintech employer skipped or shortened this process on a large-scale layoff, that's a specific, checkable legal failure, not just a grievance, and it's worth raising with ACAS.
Where the actual negotiation room is
The statutory minimums above are a floor, not a target. The realistic negotiation points are the enhanced redundancy component above statutory, the treatment of unvested equity or options (fintech offer letters increasingly tie this to specific vesting-acceleration clauses worth reading carefully before you sign anything), continued health coverage, and outplacement support. None of that is guaranteed by law, all of it is on the table if you ask before signing.
What to do next
Check your statutory entitlement against what's actually been offered before you sign anything, and don't let a tight signing deadline pressure you into skipping that step. Once the exit terms are settled, set up job alerts for roles matching your background and benchmark your next offer before you accept it, so you're not re-entering the market underpriced. For the broader picture on why 2026's cuts happened in the first place, see Fintech Layoffs 2026: Record Job Cuts and what the AI-driven cuts mean for your career.
What does the UK fintech job market look like in Finjobsly data?
Finjobsly data (21 October 2026) tracks 4,207 active roles at 36 employers, of which 197 are UK-coded. The statutory notice and redundancy rules above are legal information from outside sources and are not Finjobsly data. What our data can show is the market you would be re-entering. The median midpoint for UK-coded roles that state a GBP range is about 89,000 pounds, but that rests on only 43 roles, so treat it as indicative. London is the main hub, and you can see current openings on the London fintech jobs page.
Roles that state a work style are 59.7% remote across the whole panel, which matters if you want to search beyond your commute. Because only 35.5% of tracked roles state pay, ask for the range early and compare it with the salary benchmark before you accept a new offer.
Frequently asked questions
How much notice am I entitled to in the UK?
At least one week for each full year worked, up to 12 weeks, unless your contract gives more. Verify details with ACAS or an employment solicitor, since this is not legal advice.
When is statutory redundancy pay due?
After two years of continuous employment, calculated by age band and length of service, subject to a weekly pay cap.
Where can I see UK fintech roles?
Browse the fintech jobs page, which includes 197 UK-coded roles in our tracked panel.
Methodology and data notes
Role counts come from Finjobsly data on tracked employers only, and the UK sample is small. Employment law content is general information from outside sources and is not Finjobsly data. Last updated 21 October 2026.