New compensation rates announced
06 January 2012
It has been announced that the new maximum compensatory award for unfair dismissal will increase from £68,400 to £72,300. This will apply where the effective date of termination occurs on or after 1 February 2012.
The maximum amount of a week’s pay used, for example, when calculating the basic award for unfair dismissal and statutory redundancy payments, will increase from £400 to £430.
If you would like more information, or specific advice, on the impact of this announcement, please contact Roger Bull on 0117 939 2000 or email firstname.lastname@example.org, or contact the lawyer at Burges Salmon with whom you usually deal.