Key Dates for Employment Law (April/May 2018)
Alan Kitto
There are a number of changes to employment law due over the next two months:
1st April 2018 - National Living Wage and National Minimum Wage rates increase to:
- £7.83 per hour for those aged 25 and over
- £7.38 per hour for those aged 21 to 24
- £5.90 per hour for those aged 18 to 20
- £4.20 per hour for those aged 16 and 17
- £3.70 per hour for apprentices
1st April 2018 - New Statutory Rates
- Statutory Maternity Pay, Statutory Paternity Pay, Statutory Adoption Leave and Statutory Shared Parental Leave all increase to £145.18 per week
6th April 2018 - Statutory Sick Pay
- Statutory Sick Pay increases to £92.05 per week
6th April 2018 - Taxation of Termination Payments
- New rules apply to any termination of employment that takes place on or after 6 April 2018 whereby all notice pay is to be treated as earnings and subject to tax and national insurance contributions – irrespective of whether or not there is a pay in lieu of notice clause (PILON) in the employment contract.
6th April 2018 - A Week's Pay
- The maximum amount for a week’s pay (used to calculate statutory redundancy payments) will increase to £508 per week (from £489 per week). This increase is of particular relevance to those making redundancies on or after 6th April 2018
6th April 2018 - Maximum Employment Tribunal Compensatory Award
- The maximum compensatory award for unfair dismissal increases to a year's salary or £83,682 (from £80,541) where the effective date of termination is on or after 6 April 2018.
25th May 2018 - GDPR
- The General Data Protection Regulations will replace the Data Protection Act 1998
For more information on any of the above changes, please don't hesitate to contact us