New Statutory Rates Announced
Alan Kitto
With effect from 6th April 2025, the following statutory rate changes will take effect:
A week’s pay for the purposes of statutory redundancy pay will be capped at £719.00 (an increase from £700.00)
The compensatory limit cap for unfair dismissal will be £118,123.00 (an increase from £115,115.00)
Statutory guarantee pay (where employees are laid off or on short-time working) will be £39.00 per day (an increase from £38.00 per day)
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