New Compensation Increases Announced
Alan Kitto
The government has announced that with effect from 6th April 2023:
The maximum compensatory award (for unfair and constructive unfair dismissal claims) will increase to £105,707 although this is still capped at a year’s salary if this is lower. This has increased from £93,878
A week’s pay will be capped at £643 (increased from £571); this applies to the calculation of a basic award (for unfair and constructive dismissal) and statutory redundancy payments.
The above apply to dismissals on or after 6th April 2023.