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

Rights protected under the Employment Rights Act 1996:

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

• The limit on the      statutory guarantee payment payable to employees laid off work is      increased to £26.00 a 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:

• 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 the Redman Nichols Butler website you will find a useful download with information for ex-employees including the 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 as soon as possible.

For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or to take advantage of our free 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 six years now. John Butler specialises in advising SME businesses in York and North Yorkshire. The Redman Nichols Butler York office address is Westminster Business Centre, Nether Poppleton, York, YO26 6RB.

Redman Nichols Butler has had a Driffield office for 19 years now.  Andrew Nichols specialises in advising SME businesses in East Yorkshire. The Redman Nichols Butler Driffield office address is Maclaren House, Skerne Road, Driffield, East Yorkshire, YO25 6PN.

Redman Nichols Butler has had a Scunthorpe office for nearly 4 years now.  Mark Neumegen specialises in advising SME businesses 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.