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Employment Law

Legal guidance - compliance - software

Veale Wasborough Vizards , 23 FEB 2015

Tribunal compensation limits will increase

Tribunal compensation limits will increase
Michael Halsey
Associate, Veale Wasbrough Vizards

New compensation limits will take effect from 6 April 2015 under the Employment Rights (Increase of Limits) Order 2015.

In the event of a dismissal, these new limits will apply where the effective date of termination falls on or after 6 April 2015.

Details of the increases are set out below:

- Maximum compensatory award for unfair dismissal will increase from £76,574 to £78,335.

- Maximum limit on a week's pay for the purposes of calculating statutory redundancy payments, the basic award for unfair dismissal or payments to employees in the event of insolvency will increase from £464 to £475.

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