New statutory wage rates…know your wage rights

New statutory wage rates…know your wage rights

Increases in statutory pay rates staff recently announced by the government will affect a whole range of workers. We have listed all the new rates below to help you ensure you will be paid the correct levels which come into effect in April 2018.

These new statutory rates are for maternity pay, paternity pay, shared parental pay, adoption pay and sick pay.

The current weekly rate of statutory maternity pay is £140.98, or 90% of the employee’s average weekly earnings if this figure is less than the statutory rate.

The rate of statutory maternity pay will rise to £145.18 from April 2018. The increase normally occurs on the first Sunday in April, which in 2018 is 1 April.

Rates of statutory paternity pay and statutory shared parental pay will also see an increase from £140.98 to £145.18 (or 90% of the employee’s average weekly earnings if this figure is less than the statutory rate).

The rate of statutory adoption pay will increase from £140.98 to £145.18.

To sum up: from 1 April 2018, statutory adoption pay is payable at 90% of the employee’s average weekly earnings for the first six weeks, with the remainder of the adoption pay period at the rate of £145.18, or 90% of average weekly earnings if this is less than £145.18.

The rates normally increase each April in line with the consumer price index (CPI).

The Graham Agency, keeping you informed.

 

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