Increase to statutory redundancy pay from February 2013

01 February 2013
Increase to statutory redundancy pay from February 2013

From 1 February 2013, the limit on a week's pay for statutory redundancy pay increases from 430 to 450 per week.

The new rate of payment will need to be applied for staff redundancies which take effect from 1 February 2013.

Where staff policies or contracts refer to statutory redundancy pay rates, these may requiring updating.

For further information on statutory redundancy pay, see the redundancy section of HRBird.

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