Posts from March 2016

DO YOU KNOW THE DIFFERENCE? 
 
Do you have employees over the age of 25 years? If the answer is yes you should be aware a new National Living Wage is being introduced. 
 
National Living Wage 
 
The National Living Wage will be introduced on 1 April 2016 and will be payable to workers aged 25 and over who are not in the first year of an apprenticeship. The current rate is £7.20 per hour. The current National Minimum Wage for those under the age of 25 still applies. Rates previously increased annually in October, but from April 2017 will change every April in line with the National Living Wage. 
The maximum basic award for unfair dismissal and statutory redundancy payment (30 weeks’ pay subject to the limit on week’s pay) will rise from £14,250 to £14,370. 
 
The maximum compensatory award for unfair dismissal increases from £78,335 to 78,962 (or 52 week’s pay, whichever is less) 
 
The maximum amount of a week’s pay used to calculate redundancy payments and basic and additional awards for unfair dismissal cases increases from £475 to £479 per week. 
Our site uses cookies. For more information, see our cookie policy. Accept cookies and close
Reject cookies Manage settings