National Living Wage
The Government’s National Living Wage was introduced on 1 April 2016 for all working people aged 25 and over, and is currently set at £7.20 per hour. In April 2017 it will go up to £7.50. The current National Minimum Wage for those under the age of 25 still applies.
National Minimum Wage Rates of pay
It is important to note that these rates, which came into force 1 October 2016, apply to pay reference periods beginning on or after that date.
The rates from 1 October 2016 are:
- £7.20 per hour – 25 yrs old and over
- £6.95 per hour – 21-24 yrs old
- £5.55 per hour 18-20 yrs old
- £4 per hour – 16-17 yrs old
- £3.40 for apprentices under 19 or 19 or over who are in the first year of apprenticeship.
The rate will then change every April starting April 2017:
- £7.50 per hour – 25 yrs old and over
- £7.05 per hour – 21-24 yrs old
- £5.60 per hour – 18-20 yrs old
- £4.05 per hour – 16-17 yrs old
- £3.50 for apprentices under 19 or 19 or over who are in the first year of apprenticeship.
2016/2017 Statutory Maternity, Paternity, Adoption, Shared Parental & Sick pay
The government has announced the following proposed increases to statutory benefit payments from April 2017.
- Sick pay (SSP) will be £89.35 weekly (up from £88.45)
- Maternity pay (SMP) and (maternity allowance) will be £140.98 weekly (from £139.58)
- Paternity pay (SPP) will be £140.98 weekly (up from £139.58)
- Shared parental pay (ShPP) will be £140.98 weekly (up from £139.58)
- Adoption pay (SAP) will be £140.98 weekly (up from £139.58)