24th February, 2017 by Alex Payton
NEWS
An increase to compensation and redundancy payments will come into force on 6 April 2017. The increased rates will apply to any relevant events occurring on or after 6 April 2017. The current rates will apply to any matters arising before that date.
DETAILS
The Employment Rights (Increase of Limits) Order 2017 comes into force on 6 April 2017. The new compensation limits are as follows:
The increases reflect the increase in the retail prices index of 2.0% from September 2015 to September 2016.
COMMENT
Alex Payton comments: "Employers should ensure that the changes are taken into account from 6 April, particularly those anticipating redundancies or dismissals. Howes Percival will shortly be producing our popular facts and figures document containing all the up-to-date statutory rates and payments as well as details of qualifying periods for employment rights".
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