Saturday, 18 March 2017
New Compensation Limits in Tribunals
The compensation limits for certain awards made in Employment Tribunals will increase from April 6th,2017. The increases apply to dismissals occurring on or after that date.
*The maximum compensation award for unfair dismissal increases from £78,926 to £80,541.
*The cap for a week's pay (used to calculate basic awards and statutory redundancy payments) increases from £479 to £489.
*The minimum award for certain unfair dismissal claims increases from £5,853 to £5,970.
If you are considering or are making redundancies (or maybe parting company with an employee by agreement) on or after April 6th,2017 you will need to make sure that you are using the correct cap for the weekly pay figure in your calculations.