Organisations and tribunals in the UK are guided by annually-set rates. A statutory rate is a government-set amount that is intended to establish the minimum, and maximum, amount payable under certain circumstances. A compensation limit is a ‘band’ which establishes the ‘value’ of certain awards. 

Essential points

  • Statutory rates include the likes of sick pay, ‘lay off pay’, maternity, paternity or adoption pay. 
  • Tribunal compensation limits cover scenarios such as ‘redundancy payouts’ or awards for unfair dismissal.   
  • The statutory rates and compensation limits addressed below apply to England, Scotland, Wales and Northern Ireland where indicated. 
  • This page includes the rates for April 2023- April 2024, as well as the confirmed rates for April 2024-April 2025.  
  • The people profession should ensure that they are aware of the rates that apply to their businesses.   

Content

Members access only

Unlock exclusive, tailored content and resources, just for members.

Sign in to access

Not a member yet? Find out how you can become a member today!

Disclaimer 

​Please note: While every care has been taken in compiling this content, CIPD cannot be held responsible for any errors or omissions. These notes are not intended to be a substitute for specific legal advice. 

Bullying
and harassment

Discover our practice guidance and recommendations to tackle bullying and harassment in the workplace.

View our resources

CIPD Trust

Tackling barriers to work today whilst creating inclusive workplaces of tomorrow.

Find out more
Employment law

Access more employment law resources

Employment law
Proposed employment law changes under the new Labour government

Find out what may change and how you can prepare

Employment law
Religion and belief discrimination: UK employment law

Explore our collection of resources around legal issues relating to religion and belief discrimination in the workplace, including philosophical beliefs

For Members
Employment law
Sex discrimination: UK employment law

Explore our collection of resources around legal issues relating to sex discrimination in the workplace, including pregnancy and maternity discrimination

For Members