New Statutory Cap Announced

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New Statutory Cap Announced

The annual update to the statutory cap has just been announced with the release of The Employment Rights (Increase of Limits) Order 2025. The changes will take effect on the 6th April 2025. The statutory cap on a weeks pay will increase from £700.00 to £719.00. Hence, the maximum in terms of the basic award and statutory redundancy pay is now £21,570.00 (i.e. 20 x £719.00 x 1.5). The maximum amount that can be awarded for the unfair dismissal compensatory award will also increase from £115,115.00 to £118,223.00.

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