A reminder that statutory employment payments and payment limits changed at the beginning of April 2023. The new rates and the previous year’s rates of the principal payments are set out below.
Between 6 April 2023 and 5 April 2024:
- The maximum amount of a week’s pay: £643
- Statutory cap on unfair dismissal award: £105, 707
- Maximum statutory redundancy payment and unfair dismissal basic award: £19, 290
- SMP prescribed weekly rate and weekly rate of SSP, SAP, ShPP and parental bereavement pay*: £172.48
- SSP weekly rate: £109.40
Between 6 April 2022 – 5 April 2023:
- The maximum amount of a week’s pay: £571
- Statutory cap on unfair dismissal award: £93,878
- Maximum statutory redundancy payment and unfair dismissal basic award: £17, 130
- SMP prescribed weekly rate and weekly rate of SSP, SAP, ShPP and parental bereavement pay*: £156.66
- SSP weekly rate: £99.35
* These payments change on a different date from the others and run from 3 April 2022 – 1 April 2023 and 2 April 2023 to 1 April 2024.
For further information, please contact:
Meriel Schindler, Partner, Withersworldwide
meriel.schindler@withersworldwide.com
