Statutory Rates from April 2019
Feb 07, 2019
We have summarised the new statutory rates below, which will come into force in April 2019.
National Living Wage / National Minimum Wage
New rates for the National Living Wage and the National Minimum Wage will be introduced on the 1st April 2019 as follows:
• £8.21 per hour for workers aged 25 years old and over
• £7.70 per hour for workers aged 21 to 24 years old
• £6.15 per hour for workers aged 18 to 20 years old
• £4.35 per hour for workers aged under 18 who are no longer of compulsory school age
• £3.90 per hour for apprentices
Statutory Maternity Pay
Statutory Maternity Pay will rise from £145.18 to £148.68 per week or 90% of the employee’s average weekly earnings, whichever is lower.
Statutory Paternity Pay and Statutory Shared Parental Pay
Statutory Paternity Pay and Statutory Shared Parental Pay will rise from £145.18 to £148.68 per week or 90% of the employee’s average weekly earnings, whichever is lower.
Statutory Adoption Pay
Statutory Adoption Pay will increase from £145.18 to £148.68 per week or 90% of the employee’s average weekly earnings, whichever is lower.
Statutory Sick Pay
Statutory Sick Pay will increase from £92.05 to £94.25 per week from April 2019. To be entitled to these statutory payments, the employee’s average earnings must be equal to or more than the Lower Earnings Threshold.
Lower Earnings Threshold
The Lower Earnings Threshold will increase from £116.00 to £118.00 per week in April 2019.
Workplace Pension Contributions are increasing from April 2019, meaning that the minimum the employer pays will increase to 3% and the minimum the employee pays will rise to 5%, making the total contribution 8%.
If you require any further information about these changes, please contact us by emailing email@example.com or by phoning 01392 247436.
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