New tribunal award limits come into force

The limit on the amount of the compensatory award for unfair dismissal increases from £72,300 to £74,200 on 1 February 2013. 

Other changes coming into force on the same date through the Employment Rights (Increase of Limits) Order 2012 (SI 2012/3007) include:

  • an increase in the maximum amount of a "week's pay" for the purposes of calculating a basic or additional award of compensation for unfair dismissal or redundancy payment from £430 to £450; and
  • an increase in the maximum amount of a guarantee payment payable to an employee in respect of any day from £23.50 to £24.20. 

The new limits are applicable where the event that gives rise to the award or payment occurs on or after 1 February 2013. 

Also

XpertHR legal timetable and HR calendar Keep up to date with new legislation, consultations and HR developments in 2012 with XpertHR's legal timetable and HR calendar. 

Award limits and amounts payable under employment legislation from 1 February 2012 XpertHR's quick reference section has the current rates.