Key Facts & Figures
National Minimum Wage/Living Wage
| National Living Wage (workers aged 25 and over) | 21 – 24 | 18 – 20 | Under 18 | Apprenticeship rate (minimum hourly rate) | |
| 6th April 2018
|
£7.83 | £7.38 | £5.90 | £4.20 | £3.70 |
| 6th April 2017 | £7.50 | £7.05 | £5.60 | £4.05 | £3.50 |
Statutory Sick Pay (SSP)
| Sick days between | SSP rate (each week) |
| 6th April 2018 – 5th April 2019 | £90.05 |
| 6th April 2017 – 5th April 2018 | £89.35 |
Statutory Maternity Pay (SMP)
| Weekly rate of SMP | Maximum period |
| 90% of employee’s average weekly earnings (before tax)
90% of employee’s average weekly earnings or £145.18 (whichever is lower) |
First 6 weeks
33 weeks |
SMP is paid in the way as your wages (i.e. monthly or weekly) and tax and NI will be deducted.
Statutory Paternity Pay (SPP)
| Weekly rate of SPP | Maximum period |
| 90% of employee’s average weekly earnings or £145.18 (whichever is lower) | Two weeks’ ordinary paternity leave; 26 weeks’ additional paternity leave |
Tax and NI will be deducted in the usual way.
Statutory Adoption Pay (SAP)
| Weekly rate of SPP | Maximum period |
| 90% of employee’s average weekly earnings (before tax)
90% of employee’s average weekly earnings or £145.18 (whichever is lower) |
First 6 weeks
33 weeks |
Tax and NI will be deducted in the usual way.
Shared Parental Pay (SHPP)
| Weekly rate of SPP | Maximum period |
| 90% of employee’s average weekly earnings or £145.18 (whichever is lower) | You can share up to 50 weeks of leave and up to 37 weeks of pay between you in the first year after your child is born or placed with your family. |
Tax and NI will be deducted in the usual way.
Statutory Redundancy Pay
| Maximum: up to 30 weeks’ pay | |
| 6th April 2018 – 5th April 2019 | £15,240 |
| 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 weeks’ 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 over |
Week’s pay
| Maximum | |
| 6th April 2018 – 5th April 2019 | £508 |
| 6th April 2017 – 5th April 2018 | £489 |
Tribunal Compensation Limits
| Effective Date of Termination | Maximum Basic Award | Maximum Compensatory Award |
| 6th April 2018 – 5th April 2019 | £15,240 | £83,682 or 52 weeks’ gross pay (whichever is lower) |
| 6th April 2017 – 5th April 2018 | £14,670 | £80,541 or 52 weeks’ gross pay (whichever is lower) |
