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New compensation limits from 6 April

  • The limit on the amount of a week’s pay for the purposes of calculating, for example, statutory redundancy payments and the basic award will increase from £450 to £464;
  • The maximum compensatory award for unfair dismissal goes up from £74,200 to £76,574, subject to the overall limit of one year’s salary;
  • The minimum basic award in cases where the dismissal was unfair by virtue of health and safety, employee representative, trade union, or occupational pension trustee reasons will increase from  £5,500 to £5,676; and
  • Guarantee payments will rise from £24.20 a day to £25 a day.

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