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Statutory Payments Table 2017/2018

11th Mar 2018
Employment Law, Human Resources, Payroll

We have put them in this handy table for you so you know what to do.

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)

Read how the Government administer Statutory Payments here

 

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