As of 1 February 2012 Employment Tribunal awards will change to the following;

• maximum unfair dismissal compensatory award £72,300 (increased from £68,400)
• maximum week’s pay £430 (increased from £400 – this figure is used for calculating statutory redundancy payments and the basic award in an employment tribunal)

This now means that the maximum unfair dismissal award will be £85,200 (maximum basic award plus maximum compensatory award).