Jan26
New Compensation Limits and Statutory Payments 2010
Posted in Industry News by Richard Port | 26.01.10
The Employment Rights (Revision of Limits) Order 2009 has revised certain tribunal compensation limits with effect from 1 February 2010. Interestingly, for the first time, certain limits will fall, most notably the maximum compensatory award for unfair dismissal, which will reduce from £66,200 to £65,300.
Those familiar with redundancy payment calculations will be aware of the maximum limit on a week's pay, currently £380.00. This will remain unchanged in 2010.
However, there will be increases to certain statutory payments, most notably in respect of statutory maternity pay and rates for statutory paternity and adoption pay, which will rise from £123.06 to £124.88 a week. Statutory sick pay will remain the same at £79.15 a week.
In respect of the statutory payments set out above, the weekly earnings threshold will rise from £95.00 to £97.00.