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New compensation limits coming into force

New compensation limits coming into force

Employers should be aware of the new compensation limits that come into force from April 2015. An Employment Rights (Increase of Limits) Order 2015 has now been made and will increase the compensation limits and minimum awards. The new limits apply to awards made by employment tribunals and other amounts payable under employment legislation.

The Order raises the limit on compensation for unfair dismissal from £76,574 to £78,335 and the limit on a week’s pay from £464 to £475. The increases apply where the event giving rise to the entitlement to compensation or other payments occurred on or after 6th April 2015.

The increases are in line with the RPI measure of inflation as at September 2014, which was 2.3%.

To discuss any matter relating to employment law, please contact Chris Wiper on 01325 466461 or email him chris.wiper@close-thornton.co.uk

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