From 29 July 2013, the upper limit on the unfair dismissal compensatory award was varied to the lower of 52 weeks' pay and the annually fixed limit (currently £74,200). The new limit will apply only to cases where the effective date of termination is on or after 29 July 2013.
On 1 September the new "employee shareholder" status came into force. Guidance has been published by BIS and HMRC.
Key contacts
Steve Bell
Managing Partner - Employment, Industrial Relations and Safety (Australia, Asia), Melbourne
Emma Rohsler
Regional Head of Practice (EMEA) - Employment Pensions and Incentives, Paris
Disclaimer
The articles published on this website, current at the dates of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.