From 1 February 2013, the cap on the unfair dismissal compensatory award will increase from £72,300 to £74,200 and the cap on weekly pay (used to calculate the unfair dismissal basic award and statutory redundancy pay) will increase from £430 to £450. This gives a maximum unfair dismissal award of £87,700.
From April 2013 the weekly rate of statutory maternity/paternity/adoption pay will increase from £135.45 to £136.78. The weekly rate of statutory sick pay will rise from £85.85 to £86.70. (According to the 2012 Autumn Budget Statement, these rates will increase by 1% a year for three years from April 2013.)