The annual increase in limits on various tribunal awards has just been announced. The increases take effect on 1st February 2005.
The main increases are:
- limit on a week's pay: from £270 to £280
- maximum compensatory award: from £55,000 to £56,800
The full list of increases can be found in the statutory instrument, below.
The Employment Rights (Increase in Limits) Order 2004
[Thanks to Ed McFarlane of Qdos Consulting Limited for giving me the above information]