Weekly rate of statutory redundancy pay
07 November 2015
The weekly rate of statutory redundancy pay increased to £479 on 6 April 2016. Please be aware that GOV.UK guidance is still showing the 2015-16 rate of £475 and we have asked that this information be updated as soon as possible.
The Employment Rights (Increase of Limits) Order 2016 increased from 6 April 2016 the weekly rate of statutory redundancy pay to £479 and the maximum compensatory award to £78,962.
See our news item from 9 March 2016 for full details.
Northern Ireland is governed by different legislation. The Employment Rights (Increase of Limits) Order (Northern Ireland) 2016 revises the limits on awards and payments under certain employment rights legislation and came into effect on 14 February 2016.