NIM07083 - Class 1 NICs: Payments made under employment legislation: Insolvency of employer: Limit on the amount that can be paid out of the National Insurance Fund to an employee for any week
Section 186 Employment Rights Act 1996
NIM07081 gives details of the circumstances in which the Secretary of State for Trade and Industry (“SofSforTI”) can make payments out of the National Insurance Fund. And NIM07082 gives guidance on what payments the SofSforTI can make. But the amount they can pay to an employee for any week is limited.
Where the amount claimed by the employee is based on time, for instance, unpaid weekly wages, there is a statutory limit on the amount that the SofSforTI can pay for any one week.
The weekly limit is usually increased each year. At June 2022, the limit is £571.00 a week.