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 per week £489.00 per week
(maximum weekly payment)

*Key: SMP – Statutory Maternity Pay, SAP – Statutory Adoption Pay, MA – Maternity Allowance & SHPP – Shared Parental Pay

Lower Earnings Limit
This increases to £112.00 per week.

Redundancy Pay
The maximum amount of statutory Redundancy pay increases from £14,370.00 to £14,670.00.

National Minimum Wage

Date From:      National Living Wage

(age 25+)

    Standard Adult Rate

(age 21+)

        Apprentice Rate
1 October 2016 £7.20 per hour £6.95 per hour £3.40 per hour
1 April 2017 £7.50 per hour £7.05 per hour £3.50 per hour

 

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