Redundancy Pay to Rise on 1 October 2009

As announced in the recent budget, the Government has confirmed the increase in the limit on a week’s redundancy pay from £350 to £380 will take effect from 1 October 2009.  The move is designed to cushion the impact on employees being made redundant during the recession.  Normally the increase is effective from 1 February each year.  The Government has further made it clear that there will be no further increase in February 2010 and the £380 limit will remain until 1 February 2011.

The limit will also apply to other payments such as the basic award for unfair dismissal.

" Xact are a Human Resource,
Employment Law and Health & Safety
Consultancy providing National Coverage
with Hands on Delivery"