Friday 4 April 2014

Statutory Increase on Employment Rates

On 6th April 2014 a range of new employment statutory payments will be introduced.

Redundancy Payment
The maximum amount of pay for the purpose of calculating "a week's pay" in respect of redundancy will increase from £450 to £464.

Unfair Dismissal
The maximum amount of compensation for an unfair dismissal claim increases from £74,200 to £76,574.

Statutory Sick Pay
Statutory sick pay will increase from £86.70 to £87.55.

Statutory Maternity Pay
Payment under statute in respect of maternity leave will increase