The government has now announced the annual increase in compensation limits for Employment Tribunal awards and other statutory payments.
The main changes are:
The maximum compensatory award for unfair dismissal claims has been increased from £105,707.00 to £115,215.00.
The statutory limit on a week’s pay has been increased from £643.00 to £700.00.
The minimum basic award for unfair dismissal cases has risen from £7,836.00 to £8,533.00.
The statutory guaranteed payment increase is from £35.00 to £38.00 per day.
These changes are due to take effect from 6 April 2024 subject to Parliamentary approval.
