Thursday 3 January 2008

Annual Increase in Compensation Limits

The Employment Rights (Increase of Limits) Order 2007 has been laid before parliament.

This year's core compensation limit increases are:-

  • week's pay (basic award / redundancy payment) - from £310 to £330
  • maximum compensatory award - from £60,600 to £63,000
The new limits apply to dismissals occurring on or after 1st February 2008.

[Thanks to www.emplaw.co.uk, who featured this news in a recent bulletin]

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