Tag: Compensatory awards

Increase to Tribunal awards

The usual annual increase to compensation limits for Tribunal awards and other statutory payments have been announced. These are due to take effect from 6 April 2024 and will apply to dismissals taking place on or after that date.

Statutory week’s pay: This increases from £643 to £700. (It is used to calculate statutory redundancy payments and the basic award for unfair dismissal).

Compensatory award: The maximum award for unfair dismissal increases from  £105,707 to £115,115.

Basic award: The minimum basic award for certain automatically unfair dismissals increases from £7,836 to £8,533.

The 2024 annual update to the Vento guidelines (which give ranges for injury to feelings awards in discrimination cases, depending on severity) have been published.  In respect of claims presented on or after 6 April 2024, the Vento bands are:

• a lower band of £1,200 to £11,700 (less serious cases);
• a middle band of £11,700 to £35,200 (cases that do not merit an award in the upper band); and,
• An upper band of £35,200 to £58,700 (the most serious cases), with the most exceptional cases capable of exceeding £58,700