14-Feb-2011
The limit on the amount of the compensatory award for unfair dismissal increased from 1 February 2011. The old maximum of £65,300 increased to £68,400 due to inflation. This new limit applies where the event giving rise to the entitlement to the payment arises on or after 1 February 2011.
The maximum amount of a week's pay for the purpose of calculating the basic or additional award of compensation for unfair dismissal or redundancy payments has been increased to £400. This increase on the previous limit of £380 also applied from 1 February 2011.
The Business Link website includes a useful calculator of statutory redundancy entitlement.