Date Added: 01 February 2011
The Annual change in compensation limits takes effect from 1st February 2011.
The main points to note are:-
The increase in the limit on a weeks pay impacts on the calculation of a statutory redundancy payment and basic award. The maximum amount now increases from £11,400.00 to £12,000.00.
Remember, the new rates will apply to a dismissal which takes affect after 1st February 2011
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