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.