The compensation limits on Tribunal awards will increase from 1 February 2011. The key changes are set out below.

Statutory redundancy pay

The maximum amount permitted for calculation of a week’s pay will rise from £380 to £400.

Basic Award

The current maximum amount for a week’s pay will rise from £380 to £400.

Maximum Compensatory Award

The maximum Compensatory Award a Tribunal can award in most cases of unfair dismissal will rise from £65,300 to £68,400 (maximum unfair dismissal compensation plus maximum basic award (which would be awarded to an employee aged 61+ with 20+ years service) - £80,400).