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Employment - annual increases to Compensation Limits
Just a reminder that the annual increases to Compensation Limits will take effect from tomorrow, 1 February 2012. They apply to dismissals occurring on or after that date.
The important increases are:-
The maximum compensatory award for unfair dismissal will rise from £68,400 to £72,300.
The maximum on a 'week's pay' for the basic award or statutory redundancy will increase from £400 to £430.
The maximum redundancy payment and basic award will rise from £12,000 to £12,900.
Please note that this information is provided for general knowledge only and therefore specific advice should be sought for individual cases.
For further information please contact: or
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