STATISTICS

UP-TO-DATE STATISTICS EFFECTIVE FROM  APRIL 2020

  • The National Living Wage for ages 25 and above – up 6.2% to £8.72 per hour
  • The National Minimum Wage for 21 to 24-year-olds – up 6.5% to £8.20 per hour
  • For 18 to 20-year-olds – up 4.9% to £6.45 per hour
  • For under-18s – up 4.6% to £4.55 per hour
  • For apprentices – up 6.4% to £4.15 per hour

There are other rates out there such as the London Living Wage but those shown above are the legal minimums
In addition the rates for :

  • SMP/SPP/SAP/ and ShPL will rise to £148.88
  • SSP will raise to £94.25

Employment tribunal compensation

Compensation limits are increased annually, and usually in line with the retail price index. From April 2019, the following compensation caps will increase:

  • The cap on unfair dismissal compensation will increase to £86,444
  • The statutory redundancy payment will increase to £15,750
  • The maximum amount of a ‘week’s pay’ will increase to £525

Pay for time off work

Maternity Paternity Adoption and Shared Parental Leave

Statutory Maternity and Adoption Leave

1st 6 Weeks 90% of average wage next 33 weeks £145.18 per week unless weekly wage is lower

Statutory Paternity Pay

2 weeks at £145.18 per week unless weekly wage is lower

Shared Parental Leave

33 weeks £145.18 per week unless weekly wage is lower

Statutory Sick Pay

Up to 28 weeks at £92.05 per week provided the employee earns at least £116.00 per week

Holidays  – Full time employees are entitled to 5.6 weeks including statutory holidays.

For help with this or any other human resource issue please contact me on 0203 640 7748 or at mnewman@ukemploymentlawadvice.co.uk

How to calculate redundancy pay?

  1.5 Weeks Pay Each year of employment in which employee is aged 41 and above
  1 Weeks Pay Each year of employment in which employee is aged 22-40
  0.5 Weeks Pay Each year of employment in which employee is aged 21 and under
  Maximum Weekly Pay £508
  Maximum number of years Last 20 worked

 

Increase in maximum awards and statutory payments
The maximum awards for unfair dismissal and the amount of a week’s pay for statutory purposes will increase where the effective date of termination falls on or after 6th April 2018.  There is also an increase in the minimum basic award for specific unfair dismissals (including dismissals relating to trade union membership or activities, health and safety duties and acting as an employee representative).  The increases are set out below:

Compensation limit Current figure From 6th April 2018
Max. compensatory award for unfair dismissal £80,451 £83,682
Max. limit on a week’s pay £489 £508
Min. basic award for specific unfair dismissals £5,970 £6,203

Maximum basic award for unfair dismissal £15,240

Whilst the increases are minimal, and are expected each year, they serve as a reminder for employers that the consequences of “getting it wrong” when dealing with dismissals can be significant.