bto solicitors - Corporate & Commercial Business Lawyers Glasgow Edinburgh Scotland

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Increases to Statutory Payments from 1 April 2017

03 April 2017

From 1 April 2017 the National Living Wage for workers aged 25 and over will increase from £7.20 to £7.50 per hour. The National Minimum Wage will also increase as follows.

  • The rate for workers aged 21 to 24 will increase from £6.95 to £7.05 per hour.
  • The rate for 18 to 20 year old workers will increase from £5.55 to £5.60 per hour.
  • The rate for 16 to 17 year old workers will increase from £4.00 to £4.05 per hour.
  • The apprenticeship rate will increase from £3.40 to £3.50 per hour.
  • The accommodation offset will increase from £6.00 to £6.40 per day.

From 2 April 2017, statutory maternity, statutory paternity, statutory adoption and statutory shared parental pay will increase from £139.58 to £140.98 per week (or 90% of the person’s average weekly earnings if this is lower). The rate for Maternity Allowance will increase to £140.98 per week (from £139.58).

From 6 April 2017:

  • Statutory sick pay will increase from £88.45 to £89.35 per week.
  • The maximum amount of a weeks’ pay (used for calculating a statutory redundancy payment or for various awards including the unfair dismissal basic award) will increase from £479 to £489.
  • Limit on the unfair dismissal compensatory award will be £80,541 (increased from £78,962)
  • Gender pay gap reporting will also be introduced for large private and voluntary sector employers.

Please contact us if you wish to discuss further.

Lesley May

 Contact: Lesley Grant Senior Solicitor ljg@bto.co.uk T. 0141 221 8012

 

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