The statutory maximum amounts that employees can receive for unpaid wages and other debts if their employer becomes insolvent have increased, effective from 6 April 2026.
The statutory limit for calculating redundancy entitlements has increased with effect from 6 April 2026. HR departments must ensure that all redundancy payment calculations, associated documents and internal policies are updated to comply with the new rate.
The statutory limit for calculating redundancy payments has increased with effect from 6 April 2026. HR teams should review and update all enhanced redundancy calculations and documents to reflect the new rate.