On 1st April 2019 the national living wage (NLW) and national minimum wage rates (NMW) will increase. The new rates are as follows:
- For those aged 25 & over – NLW rises £7.83 to £8.21 ph
- For those aged 21 but under 25 NMW will rise from £7.38 to £7.70 ph
- For those aged 18 – 20 NMW rate will rise from £5.90 to £6.15 ph
- For those aged 16 – 17 NMW rate rises from £4.20 to £4.35 ph
- The apprentice rate will rise from £3.70 to£3.90 ph
Statutory Sick Pay increases from 7th April to £94.25 per week and from 6th April Statutory Maternity Pay, Statutory Paternity Pay Statutory Adoption Pay and Shared Parental Pay all increase to £148.68 per week.
A week’s pay for the calculation of redundancy pay has now risen to a maximum of £525, meaning that the maximum SRP payment is £15,750, based on an employee with 20 more or more years service over the age of 41. (20 X 1.5 X £525.) The cap on unfair dismissal compensation is increased to £86,444, meaning that the maximum total award exceeds £100K for the first time (our thanks to Hayley Robinson of MacFarlanes for spotting this milestone.)
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