New Compensation Limits From 1 February 2013
Certain Tribunal compensation limits increased on 1 February 2013.
Certain Tribunal compensation limits increased on 1 February 2013. The changes include:
• The statutory limit on a week’s gross pay (which applies to calculations for statutory redundancy payments and basic awards) has been increased from £430 to £450;
• The maximum unfair dismissal compensatory award has increased from £72,300 to £74,200;
• The maximum amount to be paid in respect of a basic award / statutory redundancy payment has increased from £12,900 to £13,500.