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Pod 6, The Engine Rooms, Station Road
Chepstow
Monmouthshire

01633 730907

For more than 10 years we have provided companies of all sizes and in a variety of sectors with uncomplicated, innovative and affordable human resources advice and on-site support ensuring that your people are an asset to your company and not a liability.

News

With the National Minimum Wage (NMW) now almost fifteen years old, and with another increase pending on 1st April 2017 HMRC have issued a list of the most elaborate excuses they've been given by employers for not paying the appropriate rates:

Annual Statutory Rate Increases

Alan Kitto

The Government has announced the statutory rate changes that will take effect from 6th April 2020. The changes are as follows:

  • The Employee Personal Tax Allowance - £12,500 (making a standard tax code 1250L)

  • The higher rate tax rate (40%) applies from earnings in excess of £37,500,; the 45% rate applies to earnings in excess of £150,000

  • Statutory Maternity, Adoption and Shared Parental Pay will all be £151.20 or 90% of average earnings, whichever is the lower

  • Statutory Sick Pay will be £95.85 per week

  • A week’s pay for calculating redundancy pay will be capped at £538.00

  • The maximum compensatory award for unfair dismissal claims will be a year’s salary or £88,519 whichever os the lower

For more information on this or any other HR matter, please give us a call