Maximum Tribunal awards set to increase

The Employment Rights (Increase of Limits) Order 2024 has been laid before Parliament and will increase the following compensation limits:

• The limit on a week's pay increases from £643 to £700. This means that the maximum statutory redundancy payment will rise from £19,290 to £21,000 where the effective date of termination is on or after 6 April 2024
• The maximum compensatory award for unfair dismissal increases from £105,707 to £115,115
• The minimum basic award for certain unfair dismissals (including health and safety dismissals) increases from £7,836 to £8,533

For more information or advice, please contact Jessica Scott-Dye in our Employment team on 0117 314 5652, or complete the form below.