From April 1st 2018 National Minimum Wage and National Living Wage increased.
The government is increasing enforcement in this area and substantial financial penalties can be issued if you fail to meet the new legal requirements.
Those aged over 25 on the National Living Wage now benefit from an increase of 4.4%, with hourly payments rising from £7.50 an hour to £7.83 an hour. Younger workers and apprentices also benefit from similar improvements, with the new rates as follows:
- 21-24 years old – £7.38 per hour
- 18-20 years old – £5.90 per hour
- Over compulsory school age – £4.20 per hour
- Apprentice – £3.70 per hour
1st April also saw the introduction of a new set of ‘family friendly’ pay rates.
Increases to the weekly rates of statutory maternity pay (SMP), statutory adoption pay (SAP), statutory paternity pay (SPP) and statutory shared parental pay (ShPP). These rates have all risen from £140.98 per week to £145.18 per week and are seen as particularly important in providing added support to workers with families.
From the 6th April statutory sick pay (SSP) also rose from £89.35 a week to £92.05 a week.
If you haven’t already done so now is the time to ensure that correct provisions are in place