Statutory pay rates timetable

Statutory pay rates timetable

The National Living Wage (NLW) came into effect on 1st April 2016, constituting the largest increase to UK minimum pay in history. But employers are being urged to ‘go beyond’ the NLW and not see it as a one-stop solution to their reward issues.

Payment type Amount Review date
Statutory Maternity/Paternity/Adoption and Shared Parental Pay £139.58 1 April 2015
No change 1 April 2016
National Living Wage £7.20 1 April 2016
National Minimum Wage
Workers aged 21 and over £6.70 October 2015
Workers aged 18-20 £5.30
Workers ages 16-17 £3.87
Apprentices under 19, and in first year of the apprenticeship £3.30
Workers aged 21 and over £6.95 October 2016
Workers aged 18-20 £5.55
Workers ages 16-17 £4.00
Apprentices under 19, and in first year of the apprenticeship £3.14
Limit on a week’s Pay for calculating redundancy and unfair dismissal basic award £475 6 April 2015
£479 6 April 2016
Limit of guarantee pay £26 6 April 2015
Statutory sick pay £88.45 6 April 2015
No change 1 April 2016

 

For further information, guidance or support please contact our team of Specialist HR Consultants on 01223 855440.