HR Smart share useful Statutory Payment Information in their Autumn Newsletter.

Be sure to follow them on social media and sign up to receive their newsletter on their website for this and lots more tips and advice.  www.hrsmartuk.com

STATUTORY PAYMENTS INFORMATION

NATIONAL MINIMUM WAGE From 1st April 2022
Apprentice                             - £4.81 per hour
Age under 18                         - £4.81 per hour
Age 18 to 20 inclusive          - £6.83 per hour
Age 21 to 22 inclusive          - £9.18 per hour
Age 23 and over                    - £9.50 per hour

NATIONAL MINIMUM WAGE From 1st April 2023
Apprentice                             - £5.28 per hour
Age under 18                         - £5.28 per hour
Age 18 to 20 inclusive          - £7.49 per hour
Age 21 to 22 inclusive          - £10.18 per hour
Age 23 and over                    - £10.42 per hour

STATUTORY PAYMENTS From 6th April 2022

Statutory Sick Pay (SSP) - £99.35 per week up to 28 weeks.

Statutory Maternity & Adoption Pay (SMP & SAP)
First 6 weeks - 90% of average gross weekly salary per week.
Remaining 33 weeks - £156.66 or 90% of average gross weekly salary, depending on which is lower.

Statutory Paternity Pay (SPP)
£156.66 or 90% of average gross weekly salary, depending on which amount is lower. SPP leave is capped at a maximum of 2 weeks.

Shared Parental Pay (ShPP)
Up to 50 weeks of leave and 37 weeks of pay can be shared between parents, subject to meeting eligibility criteria. ShPP is paid at £156.66 or 90% of average gross weekly salary, depending  on which is lower.

Redundancy
Statutory Redundancy Payment - Up to £571 per week, capped at £17,130.
Age 22 and under: 0.5 week’s pay for each full year of service.
Age 23-40: 1 week’s pay for each full year of service.
Age 41 and over: 1.5 week’s pay for each full year of service.

UNFAIR DISMISSAL
Compensation capped at the lower of either £93,878 or 52 weeks' gross actual pay.

HOLIDAY ENTITLEMENT - No Change
Minimum of 5.6 weeks per annum and can include the 8 UK public holidays. This is 28 days for full time employees.