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New limits on awards payable under employment legislation come into force on 1 February 2011

This update was first published in the February 2011 UK issue of Accounting and Business magazine.

New tribunal award limits and amounts payable under employment legislation come into force on 1 February 2011. The unfair dismissal compensatory award maximum compensation rises from £65,300 to £68,400 and the minimum basic award increases from £4,700 to £5,000.

The maximum amount of a week’s pay for the purpose of calculating a statutory redundancy payment and the basic and additional awards for unfair dismissal increases from £380 to £400.

The increases in the limits apply where the event that gives rise to an award or payment occurs on or after 1 February 2011.

Glenn Collins, head of advisory, ACCA UK

Last updated: 18 Mar 2014