Increases In Compensation, Starting From February 2013
13-12-2012
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The maximum amount of a weeks pay for redundancy pay will increase from £430 to £450.
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The limit of compensation for unfair dismissal increase to £72,300 to £74,200
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Limit on amount of guaranteed payment to increase from £23.50 to £24.20
These increases apply from payments made on or after the 1st February 2013.
This is an increase of 2.6% from statistics collected last year.