Employer Useful Factsheet

Employer Useful Factsheet

October 7, 2017 11:48 am

 

We have listed useful Employer information below. This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice.

 

National Minimum Wage

Type of Payment From 1 October 2016 From 1 April 2016
Workers aged 25 and over (minimum rate per hour) £7.20 £7.20
Workers aged 21 and over (minimum rate per hour) £6.95 £6.70
Workers aged 18-20 (minimum rate per hour) £5.55 £5.30
Workers aged under 16 and 17 (minimum rate per hour) £4.00 £3.87
Apprentices under 19 (or aged 19 and over in the first year of their apprenticeship) £3.40 £3.30
Accommodation offset amount (per day) £6.00 £5.35

The Government has announced that, from April 2017, the National Minimum Wage and the National Living Wage will both be changed annually, in April.

 

Parental payments

Type Of Payment  From 6 April 2016 From 5 April 2015 Maximum Period
Statutory Maternity Pay (Higher Rate)  90% of normal earnings 90% of normal earnings 6 weeks
Statutory Maternity Pay (Basic Rate)  £139.58 a week or 90% of normal weekly earnings, if lower £139.58 a week or 90% of normal weekly earnings, if lower 33 weeks
Maternity Allowance  £139.58 a week or 90% of normal weekly earnings, if lower £139.58 a week or 90% of normal weekly earnings, if lower* 39 weeks
Statutory Paternity pay  £139.58 a week or 90% of normal weekly earnings, if lower £139.58 a week or 90% of normal weekly earnings, if lower 2 weeks
Statutory Adoption Pay (Higher Rate)** 90% of normal earnings 90% of normal earnings 6 weeks
Statutory Adoption Pay (Basic Rate)** £139.58 a week or 90% of normal weekly earnings, if lower £139.58 a week or 90% of normal weekly earnings, if lower 33 weeks

*  The change to Maternity Allowance payments applies from 6 April 2015.
** From 5 April 2015, Statutory Adoption payments are split into a higher and basic rate.

 

Shared parental leave payments

Type of Payment  From 6 April 2016 From 5 April 2015 Maximum Period
Shared Parental Pay  £139.58 a week or 90% of normal weekly earnings, if lower £139.58 a week or 90% of normal weekly earnings, if lower 52 weeks
Specified Minimum Amount

(employment and earnings criteria) 

£30 per week £30 per week Not applicable

 

Statutory Sick Pay

Type of Payment From 6 April 2016 From 6 April 2015 Maximum Period
 Sick pay (weekly) £88.45 £88.45 28 weeks in any 3 year period

 

Guarantee Pay

Type of Payment From 6 April 2016 From 6 April 2015
Guarantee pay (weekly) £130.00 (5 Days in any period of 3 months – £26.00 per day) £130.00 (5 Days in any period of 3 months – £26.00 per day)

 

Redundancy payments

Type of payment From 6 April 2016 From 6 April 2015
Statutory redundancy pay (weekly cap) £479 per week £475 per week

 

Example of how to calculate a redundancy payment 

Anne has worked with you for 5 complete years. She is 43 years old and you are making her redundant:

 Age Length of Service  Week’s Pay Total    
1.5 (for the two complete years she has worked for you over the age of 41) x 2 years x £479 (current statutory maximum as of 6 April 2016) £1,437
1 (for the 3 years she has worked for you between the ages of 22 and 40) x 3 years x £479 £1,437
Anne’s statutory redundancy payment as of 6 April 2016  £2,874

 

Statutory minimum notice periods 

Employee Employer
Employed for less than one month No statutory notice required No statutory notice required
Employed for a period of between one month and two years 1 week’s notice to employer 1 week’s notice to employee
Employed continuously for two years or more 1 week’s notice to employer 1 week’s notice for every complete year worked (maximum 12 weeks)

Source: Recruitment and Employment Confederation 

 

 

 

 

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