On 6th April, the amount of money a Tribunal can award will also increase. The new rates are as follows:
- Week’s pay (for purposes of calculating redundancy pay and Tribunal basic awards) – £525.00
- Maximum basic award for unfair dismissal and statutory redundancy payment – £15,750.00
- Minimum basic award (for health & safety and trade union membership cases) – £6,408.00
- Maximum compensatory award for unfair dismissal – £86,444.00
For most HR practitioners, the week’s pay for redundancy calculations will be most useful here. However, do bear in mind the other new rates as an indicator of maximum liability should any claims arise.