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Our guide to calculating an employee's claim in an insolvency

From 6 April 2021, the maximum amount of a week's pay for calculating employees' claims will increase to £544.

The Government has increased the following:

  • the weekly limit for gross wages when calculating statutory redundancy pay has increased from £538 to £544;
  • the maximum statutory redundancy payment or basic aware has increased from £16,140 to £16,320; and
  • a successful unfair dismissal claim may grant a compensatory award of up to £89,493, from £88,519.

You can read how an employee's entitlements are calculated in our "What, how and why ?" section.

Click for our Guide to employees' claims to print and keep.