New compensation limits for tribunal claims in force 1st February 2005

The new compensation limits for tribunal claims come into force today.

The maximum compensatory award for unfair dismissal is now £56,800, and the limit on a week’s pay has been increased from £270 to £280.

This means, for example, that statutory redundancy payments will be larger from today.

[update 2020 - the figures have gone up every year since and are now £88,519 and £538]