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Updates
The UK Government has announced the annual increases in compensation limits. These will take effect from 1 February 2013 and will apply where the dismissal or other event giving rise to compensation or payment occurs on or after 1 February 2013. Where the dismissal or other event occurs before 1 February 2013 the old limits will still apply.
Key points to note are:
- the maximum compensatory award for unfair dismissal will rise from £72,300 to £74,200;
- the maximum amount of a week's pay for unfair dismissal and statutory redundancy payment purposes will rise from £430 to £450; and
- the maximum basic award for unfair dismissal and the maximum statutory redundancy payment will increase from £12,900 to £13,500.
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.
