Statutory / Mimimum Rates of Pay

From 1^st April 2017, the following “national minimum” rates of pay will be increased as shown:

	Old Rate	New Rate
Apprentice	£3.40	£3.50
Age 16-17	£4.00	£4.05
Age 18-20	£5.55	£5.60
Age 21-24	£6.95	£7.05
Age 25+	£7.20	£7.50

The penalty for failing to pay the National Living Wage to those entitled to receive it will be 200% of the amount owed unless the arrears can be cleared within 14 days.  The maximum penalty which may be imposed will be limited to £20,000 per worker, but this is still a sizeable sum.

2^nd April - Statutory Rates of Pay

The Government has confirmed that the rate of statutory sick pay shall increase to £89.35 per week, and the rate of statutory maternity pay, paternity pay, adoption pay and shared parental leave pay shall increase to £140.98 per week.

For more information please contact Nicola Gray or Martin Sinclair, or call 01224 632464.