Redundancy Pay: change to ‘week’s pay’

01 Feb 13: Change to ‘week’s pay’

From 01 February 2013 the ‘weeks’ pay’ used for calculating statutory redundancy payments will increase to £450 (previously £430). The same rate is also used by Employment Tribunals to calculate basic awards for unfair dismissal and awards for failing to issue written particulars of employment.

For advice on calculating redundancy compensation due please contact us at info@hr-asap.co.uk.