Increase in statutory redundancy payments from 6 April 2017
On 6 April 2017 the weekly cap for statutory redundancy will increase from £479 to £489. This means that the maximum statutory redundancy payment increases from amount to amount.
This increase is not retrospective and only applies for redundancies from 6th April 2017 onwards.
Other rates that will increase are as follows:
|Rate||Current figure||From 6 April 2017|
|The maximum compensatory award which a tribunal can make in unfair dismissal claims||£78,962||£80,541|
|Maximum limit on a week’s pay (used for the purpose of calculating statutory redundancy pay and basic awards in unfair dismissal claims)||£479||£489|
|The minimum basic award for other unfair dismissals (due to health and safety duties, for reasons of trade union membership, occupational pension scheme trustee reasons or acting as an employee representative)||£5,853||£5,970|
|Maximum statutory redundancy payment||£14,370||£14,670|
The complete list of new rates are set out here.
Should you wish to discuss these changes, please do not hesitate to contact me on 01202 057754 or email@example.com.