Compensation limits
From 6 April 2023 the maximum amount for a week’s pay for the purpose of calculating a statutory redundancy payment increased from £571 to £643. The maximum amount for a week’s pay for the purpose of calculating the basic award for unfair dismissal also increased from £571 to £643.
From the same time, the maximum compensatory award for unfair dismissal increased from £93,878 to £105,707.
The key date for determining whether an increase applies is when the employment ends.
If you need any employment advice please do not hesitate to contact me on 020 3797 1264