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From 6 April 2015 the maximum week’s pay for unfair dismissal basic awards and statutory redundancy pay and the cap on the compensatory award which may be awarded in the majority of unfair dismissal cases have been increased, and will apply to dismissals which occur on or after that date.
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Basic Award - cap on a week’s pay.
The maximum Basic Award will rise from £13,920 to £14,250
Maximum Compensatory Award
The maximum total award for unfair dismissal, i.e., maximum unfair dismissal compensation plus maximum basic award, has risen from £90,494 to £92,585.
Statutory Redundancy Pay - cap on a week’s pay.
The maximum Statutory Redundancy Pay will rise from £13,920 to £14,250