Redundancy – new limits on a weeks pay!

The Employment Rights (increase of limits) Order came into force on 6 April 2015.

Rights protected under the Employment Rights Act 1996 are:

The limit on the weekly amount payable under the insolvency provisions of the Act is increased to £475

  • The limit on the statutory guanantee payment payable to employees laid off work is increased to £26.00 per day
  • The minimum basic award for unfair dismissal is increased to £5,807
  • The Maximum compensatory award for unfair dismissal is increased to £78,335
  • The maximum amount of a week’s pay for calculating the basic or additional award for unfair dismissal or for redundancy payment is increased to £475

Rights protected under the Trade Union and Labour Relations (Consolidation) Act 1992 are:

  • The award in relation to unlawful inducement relating to trade union activities or collective bargaining is increased to £3,800
  • The minimum basic award for unfair dismissal is increased to £5,807
  • The minimum compensation in relation to exclusion from a union in contravention to section 174 is increased to £8,868

On this website, under the section ‘client information’, ‘information for ex-employees’ is a useful download including some telephone numbers of the relevant Government departments.

It is important for anybody facing financial difficulties, whether personally, directors of limited companies or partnerships, to seek advice from a licensed insolvency practitioner.

For more information on bankruptcy, liquidation, administration and all insolvency proceedures, or to take advantage of our free initial consultation, please telephone Stella Flemmings on 01377 257788, 01724 230060 or 01904 520116 and she will make you an appointment with one of our insolvency professionals at our Driffield, Scunthorpe or York offices.

Redman Nichols Butler has had a York office for over 6 years now.  John Butler specialises in advising SME businesses and individuals in York and North Yorkshire.  The Redman Nichols Butler York office address is Westminster Business Centre, Nether Poppleton, York, YO26 6RB.

Redman Nichols Butler had had a Driffield office for nearly 20 years.  Andrew Nichols specialises in advising SME businesses and individuals in East Yorkshire and the East Coast.  The Driffield office address is Maclaren House, Skerne Road, Driffield, East Yorkshire, YO25 6PN.

Redman Nichols Butler has had a Scunthorpe office for 4 years now.  Mark Neumegen specialises in advising SME businesses and individuals in Scunthorpe, Grimsby and all over North East Lincolnshire.  The Redman Nichols Butler Scunthorpe office address is Suite 8b, Normanby Gateway, Lysaghts Way, Scunthorpe DN15 9YG.

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