Statutory Payments
Reviewed each February
Redundancy Pay
- One weeks pay is currently £380
- 0.5 weeks pay for each year of service for employees under the age of 22 years
- 1 week’s pay for each year of service for employees between the ages of 22 and 40 years
- 1.5 weeks’ pay for each year of service for employees aged 41+ years
Reviewed each April
Maternity/Adoption Pay
- SMP/SAP is paid for 39 weeks
- 1st six weeks of SMP – 90% of employee’s average weekly earnings
- SMP remaining weeks/SAP - £123.06 or 90% of average weekly earnings, whichever is less
Paternity/Partner’s Pay
- SPP is paid for 2 weeks
- £123.06 or 90% of average weekly earnings, whichever is less
Sick Pay
- £79.15 per week
Reviewed each October
National Minimum Wage
- £5.80 if aged 22 yrs or over
- £4.83 between 18-21 yrs
- £3.57 if under 18 yrs