Tribunal Limits rise again on the 1 February 2006
In accordance with The Employment Rights (Increase of Limits) Order 2005, Parliament has raised the maximum compensatory award limit in the Employment Tribunal from £56,800 to £58,400. The statutory maximum of a ‘week’s pay’ used to calculate basic awards in the Employment Tribunal and statutory redundancy payments will also be raised from £280 to £290. Both increases will come into effect from 1 February 2006.
[update 2020 - the figures have gone up every year since and are now £88,519 and £538]
Steen & Co Employment Solicitors will be monitoring the developments in this area of law and will provide information as and when more details are known. For more information please contact us via any of the methods set out on our contact us page.