National Minimum Wage – 1st April 2017
Please find below some regularly updated Key HR information
- The National Living Wage for 25 year olds and over will increase to £7.50 per hour
- The adult rate (21-24) will increase to £7.05 per hour
- The Youth Development rate which affects 18-20 year olds will increase to £5.60 per hour
- The under 18 year old rate will see an increase to £4.05 per hour
- The Apprentice Rate will increase to £3.50 per hour
From 1st April 2016, employees will be legally entitled to at least £7.50 per hour if they meet these three requirements. They must be:
- Aged25 or over
- Not in the first year of an apprenticeship
Pay rate – 0.5 weeks pay for each year of service for employees aged under 22 (1 weeks pay is calculated at £479 (6th April 2016) or the weekly amount if less.) 1 weeks pay for each year of service for employees between the ages of 22 & 40. 1.5 weeks pay for each year of service for employee’s aged 41 & over.
Maternity / Adoption pay – SMP/SAP is paid for 39 weeks. Pay rate for first 6 weeks of SMP; 90% of the employee’s average weekly earnings. SMP remaining weeks/ SAP; £139.58 or 90% of average weekly earnings, whichever is less. Sick Pay (SSP) – £88.45 per week provided employees meet criteria.