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New Limits and Rates Announced - Published: 14/01/2010

New Compensation Limits from February
The maximum compensatory limit has been reduced from £66,200 to £65,300. This change is effective from 1 February 2010. In cases involving dismissal, the new figures will apply where the effective date of termination is on or after that date.  


New Limits for Statutory Payments
The recent increase to a week’s pay to £380 remains unaffected. Meanwhile, the Secretary of State for Work and Pensions has announced that the standard rate for statutory maternity, paternity and adoption pay will rise from £123.06 to £124.08 whereas the rate for Statutory Sick Pay will remain the same at £79.15 per week.

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