The beginning of February and the annual increase in certain tribunal award limits and other amounts payable under employment legislation is approaching. From 1 February, the limit on the compensatory award payable for unfair dismissal will increase to £63,000, while the limit on a week’s pay for the purposes of calculating a redundancy payment will rise to £330. Don’t forget that the new limits apply only where the event giving rise to the award or the payment – the dismissal in the above cases – occurs on or after 1 February 2008. The old limits continue to apply for events occurring prior to this date. A full list of the new - and current - limits is available in the XpertHR quick reference section [subscription required].