- The limit on the amount of a week’s pay for the purposes of calculating, for example, statutory redundancy payments and the basic award will increase from £450 to £464;
- The maximum compensatory award for unfair dismissal goes up from £74,200 to £76,574, subject to the overall limit of one year’s salary;
- The minimum basic award in cases where the dismissal was unfair by virtue of health and safety, employee representative, trade union, or occupational pension trustee reasons will increase from £5,500 to £5,676; and
- Guarantee payments will rise from £24.20 a day to £25 a day.
On March 3, 2014