The
Government has announced that on 6 April 2015 the limit on the calculation for
a week’s pay (which is used for calculating statutory redundancy payments and
the basic award in unfair dismissal claims) will increase from £464 to £475.
The
compensation limits and minimum awards that apply to various types of tribunal
claims will also increase. Most notably, the statutory cap for the
compensatory award for unfair dismissal claims will increase from £76,574 to
£78,335.
These new
rates will apply when the ‘appropriate date’ for the cause of action (such as
the date of termination in an unfair dismissal claim) occurs on or after 6
April 2015. For claims where the ‘appropriate date’ occurs before 6 April, the
previous rates will still continue to apply.
Kayleigh Leonie