Parents, sickness and minimum wage – what you have to pay
Compulsory pay rates for various situations have just increased: the minimum wage, maternity and paternity pay as well as sick pay, if your company doesn’t pay people normal salaries when they are absent from work through illness.
To help you prepare, here are the old and new levels from April 2018:
|From April 2017||From April 2018|
|Lower Earnings Threshold||£113||£116|
|National Living Wage||£7.50||£7.83|
|National Minimum Wage|
|Workers aged 21-24||£7.05||£7.38|
|Workers aged 18-20||£5.60||£5.90|
|Workers ages 16-17||£4.05||£4.20|
|“Real” Living Wage (voluntary for employers)||£8.75|
If your working day is 7.5 hours, the minimum wage for anyone 25 and older means that annual salaries were £14,625 and increased to £15,268.50 in April.
You can see more details and advice about the differences between the “compulsory” and “real” Living Wages here.
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