01 February, 2013
New Employment Tribunal Compensation Limits
The limits on compensation in the Employment Tribunal increase each year and from today the new limits will apply as follows:-
• The maximum compensatory award for unfair dismissal rises from £72,300 to £74,200.
• A maximum week's pay for unfair dismissal and statutory redundancy increases from £430 to £450.
• The maximum basic award for unfair dismissal and statutory redundancy payment rises from £12,900 to £13,500
These limits will apply where the event giving rise to the compensation occurs on or after 1 February 2013 otherwise the old limits will still apply.
If you need any advice regarding employment law matters please contact Ruth Rule-Mullen at Forbes Solicitors on 01254 222302.