News

Compensation Awards

The Government has announced the latest annual increase in compensation limits for Employment Tribunal awards, which will apply from 6th April 2024.

The limit on a week’s pay is to increase from £643 to £700. This figure is relevant for those calculating both the basic award in unfair dismissal claims, and also for any statutory redundancy payments for dismissals taking place after 6th April.

The maximum compensatory award for unfair dismissal claims will increase from £105,707 to £115,115.  Again this applies to dismissals after 6th April.  Calculation of compensatory awards is subject to numerous factors, and is subject to a maximum of either this figure or 12 months’ gross earnings (if that is lower). 

The minimum basic award in limited categories of unfair dismissal claims will increase from £7,836 to £8,533.

Posted on 03/05/2024 by Ortolan

Get in Touch

If you would like to know more about Ortolan Legal and how we can help you reduce your ongoing recruitment costs, get in touch!

Email us now

   Or call 020 3743 0600

Unipart Group has used Ortolan Legal’s services to supplement our in-house legal team for a number of years. We keep coming back to them because their unique combination of experienced, high quality lawyers at extremely cost-effective rates sets them apart from other law firms. It also has to be said that their team are personable, highly commercial and very responsive. I would recommend them without reservation.

Richard Collins, Group Legal Director Unipart
See All

Meet the Team

  • Nick Benson Nick Benson I qualified as a commercial and corporate solicitor…
  • Liz Delgado Liz Delgado I qualified as a solicitor in 1995 after studying…
  • Carrie Beaumont Carrie Beaumont I qualified as an Employment specialist in 2008. I…