The Employment Tribunal limits increase each year with effect from 1 February – here’s the details of the limits that will apply this year.
The amount of the maximum compensatory award for unfair dismissal is to be increased from 1 February 2012 from £68,400 to £72,300. The maximum basic award will also be increased from £12,000 to £12,900. This means the total maximum award that can be awarded by the Employment Tribunals for unfair dismissal is £85,200.
On the same date there will also be an increase in the maximum amount of a “week’s pay” from £400 to £430. This is used for the purposes of calculating a basic or additional award of compensation for unfair dismissal and also statutory redundancy payments.
The new limits are applicable where the event that gives rise to the award or payment occurs on or after 1 February 2012.
If you would like to talk through a situation you are dealing with, or if you need advice on any aspect of employment law, please contact any member of the Pure Employment Law team (01243 836840 or [email protected])