15th March 2018 Limits on Payments and Awards
1 min read
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 to 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 (NI) | £28.00 per day effective 6 April 2018 £25.90 (NI) |
| Maximum compensatory award for unfair dismissal | £80,541 £79,100 (NI) | £83,682 effective 6 April 2018 £79,100 (NI) |
| Statutory Sick Pay | £89.35 per week | £92.05 per week effective 6 April 2018 |
| Statutory Maternity Pay, Statutory Paternity Pay & Statutory Adoption Pay | £140.98 per week / 90% of the person’s average weekly earnings if that is less than £140.98 | £145.18 per week / 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 NI | £508 effective 6 April 2018 £500 (NI) |
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