The Employment Rights (Increase of Limits) Order 2022 has been laid before parliament.
This year’s core compensation limit increases are:-
- a week’s pay (basic award / redundancy payment) – £571 (from £544)
- maximum compensatory award – £93,878 (from £89,493)
The new limits will apply to dismissals occurring on or after 6th April 2022.
Contact us for further details and information about how to calculate redundancy and/or ex gratia payments for settlement (compromise) agreements.