Tribunal Compensation Limits to increase from 6 April 2024

News  |   4 March 2024

Written by
James Millican, Trainee Solicitor

The government has announced the annual changes in compensation limits for awards in the employment tribunal and other statutory payments.

These changes are contained in ‘The Employment Rights (Increase of Limits) Order 2024’.

The key increases are:

  • maximum compensatory award for unfair dismissal: £105,707 to £115,115.
  • the limit on a week’s pay when calculating redundancy pay has been raised from £643 to £700.
  • minimum basic award for some forms of unfair dismissal rises from £7,836 to £8,533.
  • the ‘statutory guarantee pay’ increases from £35 to £38 per day.

These changes are pending parliamentary approval, however if approved, they are due to take effect from 6 April 2024.

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