Employment Rights Act - increase in maximum amount of a week’s pay from 1 October 2009
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.
Date: 1st October, 2009
Articles from this Author
28th November, 2016
Buying a Business - Due diligence and identifying potential risks and exposures
8th December, 2014
Labour’s warning on higher tax penalties
24th March, 2014
RTI Teething Problems
5th October, 2011
Incomplete records will not avoid repayment of Directors’ debts
Contact a Partner
“Good luck to everyone who has also made it as a finalist, I look forward to awards evening later on in the year”-L… twitter.com/i/web/status/8…
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole