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Employment News Drop in Annual Compensation Limit
Employment News Drop in Annual Compensation Limit
| Drop in Annual Compensation Limit |
| Written by Rachel Billen |
| Friday, 18 December 2009 10:18 |
|
Each year, the government reviews the statutory cap on weekly pay (used to calculate redundancy pay and the basic award for unfair dismissal) and the maximum compensatory award available under the Unfair Dismissal legislation. This normally takes place in October. In October 2009, the statutory cap was increased to £380. However, as of 1st February 2010, the maximum compensation award is to drop from £66,200 to £65,300. The statutory cap on a week's pay will remain the same at £380. |
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Registered Office: 1 Manor Court, Dix's Field, Exeter, EX1 1UP. We trade under the name of Veitch Penny LLP, Veitch Penny, Veitch Penny Solicitors.
We are regulated by the Solicitors Regulation Authority
and are bound by their code of conduct; SRA registration number: 00056957. The term 'Partner' is used to refer to a Member of Veitch Penny LLP, an employee or consultant with equivalent standing and qualification, a full list of which is available for inspection at the above address.Copyright © 2008-2010 Veitch Penny LLP. All Rights Reserved.