Annual Tribunal Limit Increases (also relevant to the calculation of statutory redundancy pay)
We have now received the regular annual increase in tribunal limits which will apply from 6th April. These will apply to anyone dismissed on or after 6th April. The key increases are:
- Compensatory award – £105,707 (previously £93,878)
- A week’s pay for basic award and redundancy payments – £643 (previously £571)
If you have any questions about how these increases might impact you, particularly if you are planning redundancies, please get in touch with our team.
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