The annual increase in Tribunal compensation limits will take effect for dismissals occurring on or after 1 February 2012. The maximum compensatory award for unfair dismissal will increase from £68,400 to £72,300, and the maximum amount of a week’s pay (for calculating the unfair dismissal basic award and statutory redundancy pay) will increase from £400 to £430 per week.
Statutory maternity, paternity and adoption pay and statutory sick pay
On 9 April 2012, the lower rate of statutory maternity pay, and the rates of statutory adoption, paternity and additional paternity pay, will increase from £128.73 per week to £135.45 per week. Statutory sick pay will increase from £81.60 to £85.85 per week.