The maximum compensatory award for unfair dismissal will rise from £76,574 to £78,335.
The maximum amount of a week's pay, used to calculate statutory redundancy payments and various awards including the basic and additional awards for unfair dismissal, also rises from £464 to £475.
To discuss how this may affect you, contact our legal team: -
Ian Horner, Partner & Head of the Employment Law Department
Michelle McBride, Associate Solicitor, Employment Law
Kate Knapton, Associate Solicitor, Employment Law
Click here for additional information on Employment Law for employees.