From 6 April 2015, the cap on the unfair dismissal compensatory award will increase from £76,574 to £78,335 and the cap on weekly pay (used to calculate the unfair dismissal basic award and statutory redundancy pay) will increase from £464 to £475.
This gives a maximum unfair dismissal award of £92,585. Note that since 29 July 2013 there has been an additional cap on the compensatory award of 12 months' pay.
The increases are set out in the Employment Rights (Increase of Limits) Order 2015 SI 2015/226.
Also from 6 April 2015, the weekly rate of statutory sick pay will increase to £88.45 (from £87.55). The weekly flat rate of statutory maternity, paternity, adoption and (for those expecting a baby or to adopt on or after 5 April 2015) shared parental pay will increase to £139.58 (from £138.18) from 5 April 2015. These increases are set out in the Welfare Benefits Up-rating Order 2015 SI 2015/30.
Key contacts
Samantha Brown
Managing Partner, Employment, Pensions and Incentives, UK and EMEA, London
Steve Bell
Managing Partner, Employment, Industrial Relations and Safety, Asia and Australia, Melbourne
Emma Rohsler
Partner, Head of Employment, Pensions and Incentives, EMEA, Paris
Tim Leaver
Partner, London
Andrew Taggart
Partner, London
Fatim Jumabhoy
Partner, Head of Employment & Workplace Investigations, Asia, Singapore
Barbara Roth
Partner, New York
Christine Young
Partner, London
Disclaimer
The articles published on this website, current at the dates of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.