Employment rights – redundancy/unfair dismissal paymentsFrom 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.