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Features: Law News
Employment Protection Payments
THE new rates for statutory employment protection payments were effective from 1 February and are set out below.
Statutory payment From 1 Feb 2003 Prior to 1 Feb 2003
Redundancy pay £260 £250
Unfair dismissal
Maximum basic award £7,800 £7,500 Maximum compensatory award £53,500 £52,600 Additional award for refusal to reinstate Min £6,760 Min £6,500 Max £13,520 Max £13,000Guarantee pay (if laid off) £17.30 per day (max 5 days) £17 per day (max 5 days)