Article

New rates and limits for employment claims come into effect on 6 April 2024

28 March 2024 | Applicable law: England and Wales | 1 minute

New limits for unfair dismissal awards and redundancy payments have been announced.

The limit on a week's pay (applicable, for example, when statutory redundancy pay is being calculated) increases from £643 to £700.

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.

In unfair dismissal claims, the new figures will apply where the effective date of termination falls on or after 6 April 2024. The increases arise from the September 2023 retail prices index (RPI) which rose by 8.9% on the previous year.

This document (and any information accessed through links in this document) is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.

Share

Related experience

As a full-service law firm, we are able to provide advice and information about a wide range of other issues. Here are some related areas.

Employment Arrow right

Join the club

We have lots more news and information that you'll find informative and useful. Let us know what you're interested in and we'll keep you up to date on the issues that matter to you.
Sign up here