Key Facts & Figures

Facts and Figures

National Minimum Wage/Living Wage

National Living Wage (workers aged 25 and over) Standard adult rate
(minimum hourly rate)
Development rate (minimum hourly rate) Young workers rate
(minimum hourly rate)
Apprenticeship rate (minimum hourly rate) Accommodation offset limit (maximum daily deduction from NMW)
1st April 2017 – 30th September 2017 £7.50 £7.05 £5.60 £4.05 £3.50 £6.40
1st October 2016 – 31st March 2017 £7.20 £6.95 £5.55 £4.00 £3.40 £6.00

 

Statutory Sick Pay (SSP)

Sick days between SSP rate (each week)
6th April 2017 – 5th April 2018 £89.35

 

Statutory Maternity Pay (SMP)

Weekly rate of SMP Maximum period
2nd April 2017 – 1st April 2018 90% of employee’s weekly earnings

90% of employee’s weekly earnings or £140.98 (whichever is lower)

First 6 weeks

33 weeks

Statutory Paternity Pay (SPP)

Weekly rate of SPP Maximum period
2nd April 2017 – 1st April 2018 £140.98 or 90% of employee’s weekly earnings (whichever is lower) Two weeks’ ordinary paternity leave; 26 weeks’ additional paternity leave (if EWC before 5th April 2015)

Statutory Adoption Pay (SAP)

Weekly rate of SAP Maximum period
2nd April 2017 – 1st April 2018 90% of employee’s weekly earnings

90% of employee’s weekly earnings or £140.98 (whichever is lower)

First 6 weeks

33 weeks

 

Shared Parental Pay (ShPP)

Weekly rate of ShPP Maximum period
2nd April 2017 – 1st April 2018 £140.98 39 weeks, less any weeks spent by the child’s mother or adopter in receipt of SMP, SAP or Maternity Allowance.

 Redundancy Pay

Statutory Redundancy Pay

Maximum
6th April 2017– 5th April 2018 £14,670

  

Calculating Statutory Redundancy Pay

 0.5 weeks’ pay for each year of service for employees between the ages of 18 and 21
1 week’s pay for each year of service for employees between the ages of 22 and 40
1.5 weeks’ pay for each year of service for employees aged 41 and older

 

Week’s Pay

Maximum
6th April 2017 – 5th April 2018 £489

Tribunal Compensation Limits

Effective Date of Termination Maximum Basic Award Maximum Compensatory Award
From 6th April 2017 £14,670 £80,541 or 52 weeks’ gross pay (whichever is lower)

 

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