New Tribunal Compensation Limits 2016
The annual increases in compensation will take effect on 6 April 2016. The most notable changes are as follows:
- The limit on a week’s pay for the purposes of calculating statutory redundancy payments and the basic award for unfair dismissal has increased from £475 to £479.
- The maximum statutory redundancy payment and basic award for unfair dismissal has increased from £14,250 to £14,370.
- The maximum compensatory award for unfair dismissal has increased from £78,335 to £78,962.
- The maximum total compensation for unfair dismissal has increased from £92,585 to £93,332 (i.e. the aggregate of the maximum basic and compensatory awards).
The new rates apply where the event giving rise to the compensation (such as the termination of employment) occurs on or after 6 April 2016.
The material contained in this communication is informational, general in nature and does not constitute legal advice. The material contained in this communication should not be relied upon or used without consulting a lawyer to consider your specific circumstances. This communication was published on the date specified and may not include any changes in the topics, laws, rules or regulations covered. Receipt of this communication does not establish an attorney-client relationship. In some jurisdictions, this communication may be considered attorney advertising.
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