New limits for unfair dismissal awards, redundancy payments and guarantee payment.
The increases will come into effect on 6th April 2017:
- The maximum amount of “a week’s pay” for the purpose of calculating a redundancy payment or for various awards including the basic or additional award of compensation for unfair dismissal will increase from £479 to £489
- Limit on amount of compensatory award for unfair dismissal will increase from £78,962 to £80,541
- Limit on amount of guarantee payment payable to an employee in respect of any day will increase from £26 to £27