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Maximum Tribunal awards set to increase

on Friday, 08 March 2024.

This year's annual increase to the limits applying to certain Tribunal awards has been announced. The new figures will apply from 6 April 2024.

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.

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