Annual Increase in Compensation Limits

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From 6 April 2016, the statutory limit for a week’s pay will be increased to £479 (currently £475) and the maximum compensatory award in unfair dismissal claims will raise to £78,962 (currently £78,335).

To be clear, this is for person dismissed or subjected to a detriment on or after 6 April 2016. So, if an employee is made redundant before 6 April 2016, then their statutory redundancy payment will be capped at the current limit of £475.