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Annual increase in statutory redundancy payment and compensation limits

For dismissals taking effect on or after the 6 April 2022:

  1. A weeks pay for the purposes of calculating a statutory redundancy payment will rise from £544 to £571 maximum gross weekly wage.

  2. A basic award at tribunal increases from £544 to £571 maximum gross per week, subject to a maximum of 30 weeks.

  3. The maximum compensatory award at tribunal, for loss of earnings, increases from £89,493 to £93,878- OR one-year’s gross pay, whichever is the lower.

Do get in touch if you wish to discuss these further.



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