The annual increase on certain Tribunal awards and other statutory payments is due to take effect from 6 April 2016.
Tribunal compensation limits will increase under the Employment Rights (Increase of Limits) Order 2016. The maximum compensatory award for unfair dismissal is currently £78,335 and will rise to £78,962.
The maximum amount of a week’s pay which is used to calculate statutory redundancy payments and various other awards including the basic and additional awards for unfair dismissal is currently £475 and will rise to £479.
The increase will apply where the event giving rise to such payment or award occurs on or after 6 April 2016.