Wednesday, 6 March 2013

Employment rights – redundancy/unfair dismissal payments

From February 2013:-

The limit on the amount of the compensatory award for unfair dismissal has increased. The current maximum of £72,300 is to increase to £74,200 due to inflation.

The limit of a week’s pay which is used in calculating statutory redundancy pay (SRP) or compensation for unfair dismissal has risen from £430 to £450. We can advise on the number of weeks of SRP an employee is entitled to, depending on their length of service. Please contact us for more details.

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