A number of statutory payments are reviewed each year and the following changes are applicable from 1st February 2013:-
The maximum payment for statutory redundancy will increase from £430.00 per week to £450.00 per week. The maximum number of weeks which can be paid (based on age and length of service) is 30 weeks, meaning a maximum statutory redundancy payment of £13,500.
The maximum compensation for unfair dismissal will increase from £72,300 to £74,200.
The maximum ‘basic award’ which can be awarded when there is a finding of unfair dismissal increases from £12,900 to £13,500.
The limit on amount of guarantee payment payable to an employee in respect of any workless day will increase from £23.50 per day to £24.20. This is the payment associated with lay-off.
For Alcumus HR clients, your online Policy & Procedures Manual has been updated to reflect these changes.