New statutory payment rates

From 5 April 2015 statutory maternity, adoption, paternity, additional paternity and shared parental pay will be £139.58 per week. From 6 April, statutory sick pay will be £88.45 per week.

Increase in employment tribunal awards

Tribunal compensation limits will rise on 6 April 2015. The maximum compensatory award for unfair dismissal will be £78,335 or 52 weeks’ pay if less. A week’s pay for calculating the basic award for unfair dismissal and statutory redundancy payments will rise to £475 and the maximum basic award or statutory redundancy payment will increase to £14,250.