It’s that time of year again when new rates apply for the purposes of
calculating compensation and statutory redundancy payments.
The main changes in rates are:
The maximum amount of a ‘week’s pay’ used to
calculate statutory redundancy pay and other payments increases from £508 to
£525.The maximum that can be awarded for unfair
dismissal increases from £83,682 to £86,444.
The upper limit stays the same at the lower of one year’s gross salary
or the maximum limit.The limit on the daily amount of guarantee payment
increases from £28 to £29 per day.
The increases apply where the event giving rise to the entitlement to
compensation or other payment occurs on or after 6 April 2019. In unfair
dismissal claims, this date is the effective date of termination of
employment. If the dismissal was before
6 April 2019 then the old limits still apply.