The compensation limits on tribunal awards will increase from 1 February 2005.
Statutory Redundancy Pay
The current maximum amount permitted for calculation of a week's pay will rise from £270 to £280.
Basic Award or Additional Award of Compensation for Unfair Dismissal (in cases of failure to comply with an Order for reinstatement)
The current maximum amount for a week's pay will rise from £270 to £280.
Maximum Compensatory Award
The maximum Compensatory Award a Tribunal can award for unfair dismissal will rise from £55,000 to £56,800.
Minimum Basic Award for defined dismissals
The minimum Basic Award a Tribunal can award for certain defined dismissals (relating to certain employee representative, health and safety and working time cases) will rise from £3,600 to £3,800.