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  • New rates for statutory redundancy calculation 6/4/18

New rates for statutory redundancy calculation 6/4/18

The increased limits relate to a range of employment rights including statutory redundancy payments; the basic and compensatory awards for unfair dismissal; the limit on guarantee payments made when employees are not provided with work; and the minimum basic award for unfair dismissal in health and safety and certain other cases. For example, the limit on the compensatory award for unfair dismissal will rise from £79,100 to £83,847 while the maximum amount of ‘a week’s pay’ for the purpose of calculating redundancy payment rises from £500 to £530.

http://www.legislation.gov.uk/nisr/2018/80/made

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