Spotlight
Statutory redundancy pay increase
The current limit on a week’s pay for the purposes of calculating statutory redundancy payments is £350.
However, in light of the current economic pressures and rising number of redundancies, the Government has announced that a further increase, to £380 per week, will apply as of 1 October 2009. This limit will also apply to the calculation of other types of payment, such as the basic award for unfair dismissal.
Whilst employers may balk at the thought of the increased costs involved in streamlining their businesses, they can take comfort from the fact that the next increase won’t be until February 2011.
specialists in HR & employment law
Loch Associates is an employment law practice providing commercial employment law advice and HR support to employers and executive employees. Based in the South East with offices in London and Tunbridge Wells, our team of employment lawyers and HR consultants act for clients right across the UK in a variety of sectors.
Our lawyers and human resources consultants use their specialist employment and human resources knowledge and skills in this complex legal area combined with a commercial approach to provide our clients with a valuable insight to make the right decisions.
