Limit of compensatory award for unfair dismissal claim
This section has no associated Explanatory Memorandum
2.—(1) Section 124 of the Employment Rights Act 1996(1) is amended as follows.
(2) In subsection (1) for “£74,200” substitute “the amount specified in subsection (1ZA)”.
(3) After subsection (1) insert—
“(1ZA) The amount specified in this subsection is the lower of—
(a)£74,200, and
(b)52 multiplied by a week’s pay(2) of the person concerned.”.
(1)
1996 c. 18. Section 124(1) was amended by S.I. 2012/3007 and section 124(1A) was inserted by the Employment Relations Act 1999 (c.26), section 37(1).
(2)
For these purposes a week’s pay falls to be calculated in accordance with Chapter 2 of Part 14 of the Employment Rights Act 1996 (c.18).