The Employment Rights (Increase of Limits) Order 2020 has been placed before Parliament. This order sets out the rates which apply in the Employment Tribunals when calculating compensation payments. The limit for a 'weeks pay' also applies to statutory redundancy payments, as well as basic awards in the Tribunal.
The limit on a week's pay, for basic award and statutory redundancy purposes, increases from £525 to £538 for all dismissals on or after 6 April 2020.
The maximum compensatory award increases from £86,444 to £88,519.