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Redundancy Pay, Guarantee Payments and Tribunal Awards - Annual review of payments and limits
View the previous news item for Statutory Payments
3 January 2008
The following statutory limits will take effect where the appropriate day for the particular payment, as specified in legislation, falls on or after 1 February 2008. The increases are prompted by a rise in the retail price index in the year to September 2007 of 3.948%.
| Statutory Provision
| Old limit
| New limit
|
| Minimum basic award for unfair dismissal or selection for redundancy on grounds related to union membership or activities
| £4,200
| £4,400
|
| Minimum compensation awarded for exclusion or expulsion from a trade union
| £6,600
| £6,900
|
| Limit on daily amount of guarantee payment
| £19.60
| £20.40
|
| Minimum basic award for unfair dismissal for participation in health and safety activities, exercise of rights under the Working Time Regulations, activities as a pension scheme trustee, activities as an employee representative in connection with redundancies or a transfer of undertakings
| £4,200
| £4,400
|
| Limit on amount of compensatory award for unfair dismissal
| £60,600
| £63,000
|
| Maximum weekly amount paid from National Insurance Fund to pay contractual debts owed on the insolvency of the employer
| £310
| £330
|
| Maximum weekly amount of a basic or additional award of compensation for unfair dismissal or redundancy payment
| £310
| £330
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The Work and Families Act 2006 made provision for the redundancy pay limit to be increased on a single occasion by more than the RPI. The Government has not yet announced if and when it will make use of that measure.
...UK Payroll News - Latest
Further information:
The Employment Rights (Increase of Limits) Order 2007
The UK Payroll News is sponsored by HRD & Payroll Solutions
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