From 6 April 2014:
- the maximum compensatory award for unfair dismissal was increased to £76,574 (up from £74,200) or 52 weeks’ pay (whichever is the lower amount)
- the maximum amount of a ‘week’s pay’ for the purposes of calculating an employee’s statutory redundancy payment or basic award for unfair dismissal will increase from £450 to £464.
Please refer to our February Employment Law Update which details the increase to Statutory Sick Pay and Statutory Maternity Adoption and Paternity (including additional Paternity) Pay from 6 April 2014.
For further advice, please call us on 01483 543210 or alternatively email firstname.lastname@example.org