Statutory Payments Table 2017/2018
We have put them in this handy table for you so you know what to do. [table...
Read MoreLimits on Payments and Awards
15th Mar 2018Employee Benefits, Employment Law, Human Resources, Payroll
We share this handy table on limits on payments and awards to help you remain compliant with employment law.
NB: This table was updated 15.03.18.
Statutory Rates Table
Statutory Rates 2017/2018| Rate before 1st April 2018 | Effective from 1st April 2018 |
|
|---|---|---|
| Minimum wage for young workers i.e. for 16 and 17 year olds | £4.05 per hour | £4.20 per hour |
| Minimum wage for workers aged 18-20 (and those aged 21 and over doing accredited training for the first 6 months of employment) | £5.60 per hour | £5.90 per hour |
| Minimum wage for workers aged 21 and over | £7.05per hour | £7.38 per hour |
| National Living Wage for workers aged 25 and over | £7.50 per hour | £7.83 per hour |
| Maximum guarantee payment per day | £27.00 per day £25.90 (Northern Ireland) | £28.00 per day effective 6 April 2018 £25.90 (Northern Ireland) |
| Maximum compensatory award for unfair dismissal | £80,541 £79,100 (Northern Ireland) | £83,682 effective 6 April 2018 £79,100 (Northern Ireland) |
| Statutory Sick Pay | £89.35 per week | £92.05 per week effective 6 April 2018 |
| Statutory Maternity Pay, Statutory Paternity Pay and Statutory Adoption Pay | £140.98 per week or 90% of the person’s average weekly earnings if that is less than £140.98 | £145.18 per week or 90% of the person’s average weekly earnings if that is less than £145.18 |
| Maximum amount of a week’s pay which may be used to calculate redundancy payment | £489 £500 in Northern Ireland | £508 effective 6 April 2018 £500 (Northern Ireland) |
Related Blogs
Could You Be Breaching The NMW and Not Know It?
Retailer Monsoon Accessorize has been “named and shamed” by the government for failing to pay more than...
Read More