From 1 October 2009, the limit on a week’s pay for the purposes of calculating a statutory redundancy payment will rise from £350 to £380.
This increase will also apply to a wide range of employment tribunal awards – calculated using a week’s pay.
As this change is taking place in October rather than February 2010, there will be no change to the limit on a week’s pay next year.
Any non-contractual redudancy pay calculations where notice is given on or after 1 October will need to reflect the new rates.
