Every year the maximum limits on Employment Tribunal awards claims are updated to allow for inflation and any changes to Government policy. Details of the annual increases for 2013 have just been announced.
The main updates are as follows:
- The maximum compensation for a week’s pay used to calculate statutory redundancy payments and basic awards will increase from £430 to £450
- The maximum ‘compensatory award’ for unfair dismissal will increase from £72,300 to £74,200
- The maximum total amount that can be claimed for unfair dismissal will therefore rise from £85,200 to £87,700.
The increased amounts will apply where the event that gives rise to the entitlement to compensation or other payment occurs on or after 1 February 2013.
For more information, don’t hesitate to contact us: