New compensation rates announced

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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 roger.bull@burges-salmon.com, or contact the lawyer at Burges Salmon with whom you usually deal.

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