Rates Table

The statutory rates and compensation limits

Former Rate

Current Rate

Effective From

National Living Wage (NLW) – Workers aged 25 and over.

£7.50

£7.83

1/04/18

NMW - Standard (adult) rate (workers ages 21 years and over)

£7.05

 £7.38

 1/04/18

NMW - Development rate (workers aged between 18-20)

£5.60

£5.90

1/04/18

NMW - Young workers right (workers aged under 18 but above the compulsory school age who are not apprentices)

£4.05

£4.20

1/04/18

NMW - Apprentices (under 19 years old or those aged 19 and over but in the first year of their apprenticeship)

£3.50

£3.70

1/04/18

Guarantee Pay

£27.00

£28.00

6/04/18

The limit on the amount of a week’s pay for the purposes of calculating, among other things, statutory redundancy payments and the basic award for unfair dismissal

£489.00

£508.00

6/04/18

The maximum compensatory award for unfair dismissal

£80,541

£83,682

6/04/18

The minimum basic award in cases where the dismissal was unfair by virtue of health and safety, employee representative, trade union, or occupational pension trustee reasons

£5,970

£6,203

6/04/18

Statutory Maternity, Paternity, Additional Paternity, Adoption Pay and Maternity Allowance

£140.98

£145.18

1/04/18

Statutory Shared Parental Pay

£140.98

£145.18

1/04/18

Statutory Sick Pay

£89.35

£92.05

6/04/18

LATEST LEGAL UPDATES:

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