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April 2018

March 2018

As of April 2018, the following changes apply:

With effect from 1 April 2018:

  • The rate of Statutory Maternity Pay, Statutory Paternity Pay, Statutory Adoption Pay and Statutory Shared Parental Pay increases from £140.98 to £145.18 per week.
  • The hourly rate of the National Living Wage (the rate for workers who are aged 25 and over) increases from £7.50 to £7.83. At the same time, the National Minimum Wage for workers aged at least 21 but under 25 rises from £7.05 to £7.38 per hour, the rate for workers who are aged at least 18 but under 21 increases from £5.60 to £5.90 per hour and the rate for workers aged 16 or 17 rises from £4.05 to £4.20 per hour. The apprentice rate rises from £3.50 to £3.70 per hour.
  • The accommodation offset increases from £6.40 to £7.00 per day. The accommodation offset applies when an employer provides an employee with housing as part of his or her job. In these circumstances, a daily accommodation offset can be taken into account for the purposes of calculating whether or not the national minimum wage has been paid.

With effect from 6 April 2018:

  • All payments made in lieu of notice, whether contractual or not, will be subject to tax and Class 1 National Insurance contributions. For our Notice Periods Policy click here.
  • The minimum level of employer contribution into a pensions auto-enrolment scheme increases from 1% to 2%.
  • The maximum amount of a week's pay for the purpose of calculating the basic award for unfair dismissal and a redundancy payment increases to £508 a week.
  • The maximum amount of the compensatory award for unfair dismissal increases to £83,682.
  • The rate of Statutory Sick Pay increases from £89.35 to £92.05 per week.

The contents of this Newsletter are for reference purposes only and do not constitute legal advice. Independent legal advice should be sought in relation to any specific legal matter.

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