January 30, 2012
Important new changes to employment law rates
New compensation rates will apply from 1 February 2012:
- The limit on compensatory award for unfair dismissal claims will rise from £68,400 to £72,300; and
- The maximum amount of a week’s pay for the purposes of calculating statutory redundancy payments and the basic award in unfair dismissal claims will increase from £400 to £430
These new limits will apply to dismissals which take place on or after 1 February 2012.
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