Employment alert email
From 6 April 2015, the maximum compensatory award for unfair dismissal will increase from £76,574 to £78,335.
Since July 2013, unfair dismissal awards are subject to a cap, which is the lower of one year's pay or the current unfair dismissal cap; i.e. from 6 April, £78,335.
This increase will apply to dismissals taking place on or from 6 April 2015. Any dismissal before that date is subject to the current cap.
The statutory maximum amount of a week's pay will also increase from 6 April 2015, rising from £464 to £475, which will have an impact on unfair dismissal basic awards and statutory redundancy pay calculations.