From 1 February 2008 the maximum award for unfair dismissal increases to £63,000 from £60,600 and the cap on weekly pay for redundancy and the basic award increases to £330 from £310.  The maximum basic award and statutory redundancy payment will be £9,900. 

 

The new rates apply to dismissals where the effective date of termination is on or after 1 February 2008.  Click here to read the Regulations.