Employment Rights Act - increase in maximum amount of a week’s pay from 1 October 2009
Date: Thursday 1st October, 2009
Author: Caroline Stark
Profile: Caroline Stark
From 1 October 2009, the maximum amount of a week's pay for the purposes of calculating payments under the insolvency (and other) provisions of the Employment Rights Act 1996 is increased from £350 to £380.
With effect from 1 October 2009, the maximum amount of a week’s pay for the purposes of calculating payments under the insolvency (and other) provisions of the Employment Rights Act 1996 is increased from £350 to £380.
The new rate also applies to the calculation of entitlement to redundancy payments.
The regular annual increase in February has been suspended for 2010, so the next increase in a week’s pay is now due in February 2011.
Caroline Stark is a senior manager at Mercer & Hole. The views given in this blog are personal to the author.
Keywords: 'Employment Rights Act 1996' 'Redundancy payments' 'Awards for unfair dismissal'
Please note that the opinions expressed in this blog represent the views of the author and not the views of Mercer & Hole.
Discussion and Comments
By Kenneth Marshall on Tuesday 5th January, 2010
Thanks.