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24/04/2009 by admin.
The Chancellor has announced at the Budget, that the limit on weekly pay (for calculating statutory redundancy pay) is to be increased from £350.00 to £380.00. The maximum statutory redundancy payment will rise from £10500.00 to £11400.00. We await a date when this uplift will occur.
This is seen as a one-off rise and additional to the usual annual increase which occurs in February.
Thanks to Somone for the update.
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