Increasing the Tribunal compensation limits from 6th April 2024
28-02-2024
The government has now announced the annual increase in compensation limits for Employment Tribunal awards and other statutory payments.
The main changes are:
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The maximum compensatory award for unfair dismissal claims has been increased from £105,707.00 to £115,215.00.
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The statutory limit on a week’s pay has been increased from £643.00 to £700.00.
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The minimum basic award for unfair dismissal cases has risen from £7,836.00 to £8,533.00.
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The statutory guaranteed payment increase is from £35.00 to £38.00 per day.
These changes are due to take effect from 6 April 2024 subject to Parliamentary approval.
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