The annual increase in compensation limits for employment matters and claims has been announced with the increased compensation limits due to come into force 6th April 2022.
The maximum amount of “a week’s pay” is set to increase from £544 to £571. This figure is used for the purpose of calculating an individual’s entitlement to a statutory redundancy payment and various other awards, including theunfair dismissal basic awards.
This means that maximum statutory redundancy payment andbasic award for unfair dismissal will become £17,130 (increased from £16,320).
Other relevant increases include:
The new limits will apply to dismissals occurring on or after 6th April 2022.
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