The Employment Rights (Increase of Limits) Order 2012 has been laid before Parliament, providing for the annual round of tribunal compensation limit increases.
The main increases in the maximum awards are:
A week’s pay – from £430 to £450
Compensatory Award – from £72,300 to £74,200
These new rates come into effect for dismissals etc on or after 1 February 2013, so ensure you understand all the implications. If you have any concerns, please contact our legal specialists:
Heidi Berry – 01284 715663
Mathew Game – 01284 715673