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Changes to tribunal compensation limits and shared parental leave.
New tribunal compensation limits and statutory benefit rates
On 6 April 2015, the cap on the unfair dismissal compensatory award which a tribunal can give increased from £76,574 to £78,335 and the cap on weekly pay (used to calculate the unfair dismissal basic award and statutory redundancy pay) increased from £464 to £475. This caps the maximum unfair dismissal award at £92,585.
In addition, the weekly rate of statutory sick pay increased to £88.45 (from £87.55) on 6 April 2015 and the weekly flat rate of statutory maternity, paternity, adoption and shared parental pay increased to £139.58 (from £138.18) from 5 April 2015.
Shared Parental Leave
Shared Parental Leave law became effective on 5 April 2015. This means that eligible couples whose child is due on or after Sunday 5 April 2015 can now share up to 50 weeks of leave and 37 weeks of pay in the first year of their child’s life. Similar rules apply for couples who adopt a child.
It is estimated that 285,000 couples a year will be able to take advantage of this change in the law.