Increase in Compensation Limits for 2008
The Employment Rights (Increase of Limits) Order 2007 has recently been published. The main increases in compensation limits are as follows and will apply from 1 February 2008:
- a week's pay for the purposes of the unfair dismissal basic award and statutory redundancy payments - £330 (currently £310)
- maximum compensatory award for the purposes of unfair dismissal - £63,000 (currently £60,600)
In cases involving dismissal, the new figures will apply where the effective date of termination is on or after 1 February 2008.
The material contained in this communication is informational, general in nature and does not constitute legal advice. The material contained in this communication should not be relied upon or used without consulting a lawyer to consider your specific circumstances. This communication was published on the date specified and may not include any changes in the topics, laws, rules or regulations covered. Receipt of this communication does not establish an attorney-client relationship. In some jurisdictions, this communication may be considered attorney advertising.
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