Annual increase in compensation limits - January 2009
The annual increase in tribunal compensation limits effective from 1st February 2009 are:
- unfair dismissal compensatory award increasing from £63,000 to £66,200
- a ‘week’s pay’ (used, for example, for calculating statutory redundancy pay)
- the maximum statutory redundancy payment increases from £9,900 to £10,500
Please contact us on 020 7420 7020 or enquiry@sethlovis.co.uk for further advice.