Employment Law Update: Changes to Employment Tribunal award limits and a “week’s pay”
The new tribunal compensatory award limits and the increase in a “week’s pay” have been announced.
The changes, which reflect a Retail Price Index increase of 2.6%, will take effect from 1 February 2013 and are as follows:
- The maximum compensatory award for unfair dismissal will rise from £72,300 to £74,200
- The maximum limit on a “week’s pay” will rise from £430 to £450
- By virtue of the change in a “week’s pay”, the maximum statutory redundancy payment and maximum basic award (for unfair dismissal) will both become £13,500
- The maximum guarantee pay will rise from £23.50 a day to £24.20
These new figures will only apply to cases where the effective date of termination falls on or after 1 February 2013. The old limits will still apply to cases falling before 1 February 2013.
The full details of the changes can be accessed from the UK Legislation website.
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Employment Law
ELawrence@LawBlacks.com
0113 227 9207
@EuanLawBlacks
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Euan Lawrence
