Annual Increase in Tribunal Awards

The annual increases in compensation have been published. They take effect from 1st February 2004 under the Employment Rights (Increase of Limits) Order 2003.

The main increases are:

• maximum compensatory award increased from £53,500 to £55,000;
• maximum amount for a week's pay (for calculating basic award or redundancy payment) increased from £260 to £270.

The full list is attached as a Schedule to the S.I. (see link below).