Archive for the Employment Rates & Limits Category

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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Limits for Unfair Dismissal and max amount of 1 weeks’ pay for Redundancy payments

Tribunal compensation limits will increase on 6 April 2014 under the Employment Rights (Increase of Limits) Order 2014 (SI 2014/382). The maximum compensatory award for unfair dismissal will rise from £74,200 to £76,574. The maximum amount of a week’s pay, used to calculate redundancy payments or various […]

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