Friday 13 January 2012

New Statutory Rates

Current RateNew RateEffective From
Guarantee Pay£22.20£23.5001/02/12
The limit on the amount of a weeks pay for the purposes of calculating, among other things, statutory redundancy payments and the basic award for unfair dismissal£400.00£430.0001/02/12
The maximum compensatory award for unfair dismissal£68,400£72,30001/02/12
The minimum basic award in cases where the dismissal was unfair by virtue of health and safety, employee representative, trade union, or occupational pension trustee reasons£5,000£5,30001/02/12
Statutory Maternity, Paternity, Additional Paternity, Adoption Pay and Maternity Allowance£128.73£135.4501/04/12
Statutory Sick Pay£81.60£85.8506/04/12

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