Increases On Compensation From 1 February 2007
- The maximum compensatory award for Unfair Dismissal will rise from £58,400 to £60,600.
- A week’s pay for calculating the basic award will increase from £290 to £310.
- Minimum amount of unfair dismissal basic award where the reason for dismissal relates to Trade Union membership will increase from £4,000 to £4,200.
- The increases will apply where the effective date of termination is on or after 1 February