Employment Tribunal Compensation Limits Increasing from 6 April

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

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.

Legal disclaimer

The matters contained in this article are intended to be for general information purposes only. This article does not constitute legal advice, nor is it a complete or authoritative statement of the law, and should not be treated as such. Whilst every effort is made to ensure that the information is correct, no warranty, express or implied, is given as to its accuracy and no liability is accepted for any error or omission. Before acting on any of the information contained herein, expert legal advice should be sought.