Are you budgeting for the upcoming changes?
Statutory rate increases In early January, the Department for Work and Pensions proposed what the new rates of pay will be for the annual increase in April. These are expected to be as follows: The rates of Statutory Maternity Pay, Statutory Paternity Pay, Statutory Adoption Pay, Statutory Shared Parental Pay and Statutory Parental Bereavement Pay […]
National Minimum Wage (NMW) and other rate increases 2020
The government has confirmed it will raise the National Insurance threshold to £9,500 in 2020. The National Living Wage has also been increased by 6.2%. The new rates are below. Further to the announcement of the most recent Budget in 2019, the new National Minimum/Living Wage will increase from 1st April 2020, as follows: Workers […]
Statutory Maternity and Sick Pay Rates Frozen for 2016
Following on from the Autumn Budget, the Government has announced that there will be no increase to a variety of statutory pay rates in 2016. The affected statutory rates include maternity and paternity pay, shared parental pay, adoption pay and sick pay. A complete list of the Government’s statutory pay rates for 2016 can be […]