Employment Tribunal Compensation Limits Increasing from 6 April

    statutory employment payments

    IN THIS ARTICLE

    Increases in the maximum amount of compensation that can be awarded by the Employment Tribunals have been confirmed.

    Under the Employment Rights (Increase of Limits) Order 2024, the following limits will apply from 6 April 2024:

    Maximum compensatory award

    The maximum compensatory award rises from £105,707 to £115,115, allowing individuals to potentially recover higher compensation for losses suffered due to unfair dismissal, discrimination, or other employment tribunal claims.

    Limit on a week’s pay

    The limit on a week’s pay is increasing from £643 to £700, impacting calculations for various awards, including basic awards for unfair dismissal and statutory redundancy payments.

    Maximum basic award

    For some types of unfair dismissal claims, the minimum basic award is increasing from £7,836 to £8,533.

    Statutory guarantee pay

    The daily statutory guarantee payment for employees laid off or subjected to short-time working increases from £35 to £38.

    Author

    Gill Laing is a qualified Legal Researcher & Analyst with niche specialisms in Law, Tax, Human Resources, Immigration & Employment Law.

    Gill is a Multiple Business Owner and the Managing Director of Prof Services - a Marketing & Content Agency for the Professional Services Sector.

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