February figures | Fieldfisher
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Insight

February figures

31/01/2013
As January draws to a close, don't forget that compensation limits are due to rise on 1 February 2013.The maximum compensatory award for unfair dismissal will increase from £72,300 to £74,200 and the As January draws to a close, don't forget that compensation limits are due to rise on 1 February 2013.

The maximum compensatory award for unfair dismissal will increase from £72,300 to £74,200 and the limit on the maximum amount of a week's pay, for the purposes of calculating statutory redundancy pay or the basic award for unfair dismissal, will increase from £430 to £450.

The key compensation limits, alongside the statutory payments which are due to increase in April 2013, are set out here.