Limits on certain tribunal awards to increase from 6 April 2014

For dismissals on or after 6 April 2014 the maximum compensatory award for unfair dismissal will rise from (i) the lesser of 52 weeks’ pay or £74,200, to (ii) the lesser of 52 weeks’ pay and £76,574. The maximum amount of a week’s pay, used to calculate redundancy payments or various awards including the basic award of compensation for unfair dismissal will rise from £450 to £464.