Statutory Payments from April 2018

15 February 2018

Dear Customers,

As many of you may know, in April 2018 the following changes will take effect raising the National Minimum Wage. Please see the rates below:

Details April 2017 April 2018
Workers aged 25 and over £7.50 £7.83
Workers aged 21-24 £7.05 £7.38
Workers aged 18-20 £5.60 £5.90
Workers ages 16-17 £4.05 £4.20
Apprentice rate £3.50 £3.70

 

With the same announcement, Statutory Sick Pay, Lower earnings limit and Maternity/Paternity/Adoption will also increase as of April 2018. Please see the rates below:

 Details From April 2017 From April 2018
Maternity/Paternity/Adoption £140.98 £145.18
Sick pay £89.35 £92.05
Lower Earnings Threshold £113 £116

 

If we currently handle a service relating to the above, these adjustments will be made automatically, as per the legal requirement. Should you have any queries, please don’t hesitate to contact us on 02392 38800.