| Annual Tribunal Limit Increase |
| It’s a couple of weeks overdue, but the The Employment Rights (Increase of Limits) Order 2023 has been published, with the regular annual increase in tribunal limits. The key increases are: Compensatory Award – £105,707 (previously £93,878) A ‘week’s pay’ (for basic award and redundancy payments) – £643 (previously £571) The changes take effect from 6 April 2023 (broadly, for dismissals taking place on or after that date). However, we have already updated our settlement agreement calculator to use the new figures. |