Every April the government increases the statutory rates for redundancy pay, sick pay, maternity, paternity, adoption and shared parental leave pay. The new rates are shown below.
EMPLOYMENT TRIBUNAL COMPENSATION
Compensation limits are increased annually, and usually in line with the retail price index. From April 2020, the following compensation caps will increase:
- The cap on unfair dismissal compensation will increase to £88,519
- The statutory redundancy payment will increase to £16,140
- The maximum amount of a ‘week’s pay’ will increase to £538
PAY FOR TIME OFF WORK
Maternity Paternity Adoption and Shared Parental Leave
Statutory Maternity and Adoption Leave
1st 6 Weeks 90% of average wage next 33 weeks £151.20 per week unless weekly wage is lower
Statutory Paternity Pay
2 weeks at £151.20 per week unless weekly wage is lower
Shared Parental Leave
33 weeks £151.20 per week unless weekly wage is lower
Statutory Sick Pay
Up to 28 weeks at £95.85 per week provided the employee earns at least £116.00 per week