Changes to Statutory Payments, April 2018
April 1, 2018
National Minimum Wage, effective from 1 April 2018:
| £7.83 per hour |
| £7.38 per hour |
| £5.90 per hour |
| £4.20 per hour |
| £3.70 per hour |
Statutory Maternity & Adoption Pay, effective from 1 April 2018:
First 6 weeks – 90% of employee’s average weekly earnings.
Remaining weeks – £145.18 or 90% of employee’s weekly earnings if this is lower.
Statutory Paternity Pay, effective from 1 April 2018:
2 weeks – £145.18 or 90% of employee’s weekly earnings if this is lower.
Statutory Shared Parental Leave Pay, effective from 1 April 2018:
£145.18 or 90% of employee’s weekly earnings if this is lower.
Statutory Sick Pay, effective from 6 April 2018:
Weekly rate of £92.05. To be entitled to these payments, an employee’s average earnings must be equal to or greater than the lower earnings limit of £113.
Redundancy Pay, effective from 6 April 2018:
Employers making redundancies must pay those with 2 years’ service an amount based on their weekly pay, length of service and age. The maximum weekly pay that can be taken into account is £508.00
