The annual review of compensation limits has, for the first time, resulted in a reduction to the maximum compensatory award limit. The maximum compensatory award will drop from £66,200 to £65,300 with effect from 1 February 2010. The reduction reflects the 1.4% drop in the Retail Prices Index from September 2008 to September 2009.
The limit of a "week's pay" (for basic award and redundancy pay purposes) will remain the same at £380.
Thursday 17 December 2009
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