Annual tribunal limit increases

by | Mar 16, 2023 | News

Annual tribunal limit increases

The annual increase in Tribunal awards has been published.

For those dismissed after 6th April 2023, the cap on a  ‘week’s pay’ for the calculation of the Basic Award or Statutory Redundancy Pay will increase from £571 to £643. This is an increase of over 12.5%.In contract, last years’ increase which was less than 5%.

The maximum Compensatory Award will also increase to £105,707 from £93,878.  Again, this is an increase of over 12.5%.

16th March 2023

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