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Redundancy Pay, Guarantee Payments and tribunal awards - Annual review of payments and limits
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The following statutory limits will take effect where the appropriate day for the particular payment, as specified in legislation, falls on or after 1 February 2007. The increases are prompted by a rise in the retail price index in the year to September 2006 of 3.6%.
| Statutory Provision
| Old limit
New limit
| Minimum basic award for unfair dismissal or selection for redundancy on grounds related to union membership or activities
| £4,000
£4,200
| Minimum compensation awarded for exclusion or expulsion from a trade union
| £6,300
£6,600
| Limit on daily amount of guarantee payment
| £18.90
£19.60
| Minimum basic award for unfair dismissal for participation in health and safety activities, exercise of rights under the Working Time Regulations, activities as a pension scheme trustee, activities as an employee representative in connection with redundancies or a transfer of undertakings
| £4,000
£4,200
| Limit on amount of compensatory award for unfair dismissal
| £58,400
£60,600
| Maximum weekly amount paid from National Insurance Fund to pay contractual debts owed on the insolvency of the employer
| £290
£310
| Maximum weekly amount of a basic or additional award of compensation for unfair dismissal or redundancy payment
| £290
| £310
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...UK Payroll News - Latest
Sources:
The Employment Rights (Increase of Limits) Order 2006
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