Archive for the Employment Rates & Limits Category

The National Minimum Wage increases on 1 April 2018

The National Minimum Wage increases on 1 April 2018. Below are the rates for 1 April 2018 to 30 March 2019. National Living Wage (minimum hourly rate)Age 25+ Standard adult rate (minimum hourly rate)Age 21+ Development rate (minimum hourly rate)Age 18-20 Young workers rate (minimum hourly rate)Age

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Statutory Employment Rates and limits

Taking effect from 6 April 2017 the following changes will take place for statutory payments: Date From: SMP, Paternity, SAP, MA & SHPP* SSP Redundancy 6th April 2016 £139.58 per week £88.45 per week £479.00 per week (maximum weekly payment) 6th April 2017 £140.98 per week £89.35

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National Living Wage to cost employers extra £11m by 2020, finds PwC

The following article appeared in People Management and suggests that with the planned NLW (and the increments that are planned) the Pensions Auto enrolment and changes to holiday and variable pay about 26% of the Companies that responded are thinking about making staff reductions in order to pay

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Rates and Limits

Taking effect from 6 April 2015 the following changes will take place for statutory payments:

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National Minimum Wage – October 2014

The National Minimum Wage increased on 1 October.

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