New Tribunal Compensation Limits Enforcement Febru
With effect from 1st February 2012 certain limits on Tribunal awards will increase, as well as other amounts payable under Employment Legislation. The most significant are as follows:-
(i) the limit on a week’s pay for the purposes of calculating redundancy payments etc will increase from £400 to £430;
(ii) the maximum compensatory award for unfair dismissal will increase from £68,400 to £72,300 and
(iii) guarantee pay increases from £22 per day to £23.50 per day.
The new rates apply to cases where the event giving rise to compensation or payment arises on or after 1st February 2012. For example if an employee is dismissed on 31st January 2012, and subsequently claims unfair dismissal, the old rates prior to 1st February 2012 will apply. However if the employee is dismissed on or after 1st February 2012 then the new rates shall apply.
For further information please contact any member of our Employment Team:-
Daven Naghen on 01775 722261 or email firstname.lastname@example.org or contact him at 23 New Road, Spalding, Lincolnshire PE11 1DH
Gemma Mayeron 01775 722261 or email email@example.com or contact her at 23 New Road, Spalding, Lincolnshire PE11 1DH