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By Spencers Solicitors

  Hannah Riley    
  March 13, 2019

The governments publishes 2019/20 statutory rates

The government has published the 2019/20 statutory rates for the forthcoming tax year. This will impact all employers, who should be familiarising themselves and preparing for the new financial year.

Increase in National Minimum Wage

These figures will come in to force 1 April 2019.

Age 2018 2019
25 and over £7.83 £8.21
21 to 24 £7.38 £7.70
18 to 20 £5.90 £6.15
Under 18 £4.20 £4.35
Apprentice £3.70 £3.90

New Statutory Rates

2018 2019
First 6 Weeks Weeks 7-39
Maternity Pay (weekly) £145.18 90% of average weekly earnings £148.68 *
Paternity Pay £145.18 £148.68 *
Adoption Pay £145.18 90% of average weekly earnings £148.68 *
Shared Parental Pay £145.18 £148.68 *

*or 90% of the employee’s average weekly earnings, whichever is lower.

2018 2019
Sick Pay £92.05 £94.25
2018 2019
Maximum compensatory award for unfair dismissal £83,682 £86,682 (or 52 weeks’ pay)
Limit on a weeks’ pay used to calculate statutory payments and provisions £508 £525

Pensions

2018 2019
Minimum contribution to auto-enrolment 5% 8%

The 8% will be made of up the employer contributing a minimum of 3%, though they can pay a higher amount including the full 8%. The employee will then make up the balance to the 8%.


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