Wednesday, February 20, 2013

New Unfair Dismissal and Redundancy Limits

It's time to get used to a new set of figures. The annual rise in the unfair dismissal basic award and statutory redundancy payment took effect from the beginning of this month.

So dismissals that happen(ed) on or after 1st February 2013 could attract these maximum amounts:

A week's pay - £450
Statutory redundancy/basic award - £13,500
Unfair dismissal compensatory award - £74,200
Combined unfair dismissal award - £87,700

But remember that the government is introducing an overall cap on the compensatory award for unfair dismissal of one year's pay. No firm date has been announced, but it is likely to take effect from the summer.

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