The new limits, which apply from February 1, are:
• A week's redundancy pay will increase from £330 to £350
• The maximum statutory redundancy payment increases from £9,900 to £10,500
• The maximum compensatory award from unfair dismissal will rise from £63,000 to £66,200
Allianz said that 50% of calls made to its Lawphone helpline in the last three months were employment-related with the most typical coming from businesses requesting legal advice prior to embarking on redundancy programmes.