06
December
2018
New National Minimum Wage (NMW) and National Living Wage (NLW) rates have been released ahead of their introduction on 1st April 2019. See https://www.gov.uk/national-minimum-wage-rates for full details and apprentice entitlements. The new rates are as follows: - Workers aged 25 and over (NLW) £8.21 an hour (38p increase) Workers aged 21 -24 £7.70 an hour (32p increase) Development rate for workers aged 18-20 £6.15 an hour (25p increase) Under 18 £4.35 an hour (15p increase) New Statutory Rates have also been released ahead of April 2019. They are as follows: Statutory maternity pay is rising from £145.18 to £148.68 (or 90% of the employee’s average weekly earnings if this figure is less than the statutory rate) from April 2019. The increase normally occurs on the first Sunday in April, which in 2019 is 7th April. Also, on 7th April 2019, the rates of statutory paternity pay, and statutory shared parental pay will go up from £145.18 to £148.68 (or 90% of the employee's average weekly earnings if this figure is less than the statutory rate). The rate of statutory adoption pay will also increase from £145.18 to £148.68. This means that from 7 April 2019, statutory adoption pay is payable at 90% of the employee’s average weekly earnings for the first six weeks, with the remainder of the adoption pay period at the rate of £148.68, or 90% of average weekly earnings if this is less than £148.68. The rate of statutory sick pay is also increasing from £92.05 to £94.25 6th April 2019. To be entitled to these statutory payments, the employee's average earnings must be equal to or more than the lower earnings limit. The lower earnings limit is increasing from £116 to £118 in April 2019 Further information on the National Minimum Wage and the National Living Wage can be found on the ACAS website. Please LOGIN to read the full article.
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