From 1 February 2013, new laws will come into force under the Employment Rights (Increase of Limits) Order 2012 (SI 2012/3007). This will see the limits on tribunal awards increase. The maximum compensatory award for unfair dismissal will rise from £72,300 to £74,200 and the maximum amount of a week’s pay, used to calculate statutory redundancy pay (among other things), will rise from £430 to £450.
A full copy of the Employment Rights (Increase of Limits) Order 2012 (SI 2012/3007) can be found at:
Feel free to contact us at FrontRow Legal for more information.