Thursday 15 December 2005

Annual Increase in Compensation Limits

The statutory instrument containing the annual increase in compensation limits has just been laid before Parliament.

The increases take effect, as always, on 1st February (2006). They apply to dismissals occurring on or after that date).

The important increases are:
  • maximum compensatory award to rise from £56,800 to £58,400
  • maximum on a 'week's pay' to increase from £280 to £290
For a list of all the increases, see the statutory instrument below.

The Employment Rights (Increase of Limits) Order 2005

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