STATISTICS

UP-TO-DATE STATISTICS EFFECTIVE FROM  APRIL 2021

 

  • The National Living Wage for ages 25 and above – up to £8.91 per hour
  • The National Minimum Wage for 21 to 24-year-olds – up to £8.36 per hour
  • For 18 to 20-year-olds – up to £6.56 per hour
  • For under-18s – up to £4.62 per hour
  • For apprentices – up to £4.30 per hour

 

There are other rates out there such as the London Living Wage but those shown above are the legal minimums.

 

Employment tribunal compensation

 

Compensation limits are increased annually, and usually in line with the retail price index. From
April 2020, the following compensation caps will increase:

 

  • The cap on unfair dismissal compensation will increase to £89,493
  • The statutory redundancy payment will increase to £16,320
  • The maximum amount of a ‘week’s pay’ will increase to £544

 

Pay for time off work

 

Maternity Paternity Adoption and Shared Parental Leave

 

Statutory Maternity and Adoption Leave
1 st  6 Weeks 90% of average wage next 33 weeks £151.20 per week unless weekly wage is lower

 

Statutory Paternity Pay
2 weeks at £151.97/week unless weekly wage is lower

 

Shared Parental Leave
33 weeks £151.97/week unless weekly wage is lower

 

Statutory Parental Bereavement Pay
33 weeks £151.97/week for 2 weeks unless weekly wage is lower

 

Statutory Sick Pay

£96.35/week

Redundancy

 

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 £544/ week
  Maximum number of years Last 20 worked

 

 

 

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.