Within the Code Total HR team, we keep abreast of any important changes in order to keep you informed and up to date. Here is a brief overview of what you need to know in order to effectively plan your annual budgets and update your employment documents.
In the new financial year, with effect from April 2019, statutory pay rates will be increased, in line with the consumer price index (CPI).
Both the National Living Wage and National Minimum Wage will increase from 1st April 2019:
- Aged 25 and above (national living wage rate) £8.21
- Aged 21 to 24 inclusive £7.70
- Aged 18 to 20 inclusive £6.15
- Aged under 18 (but above compulsory school leaving age) £4.35
- Apprentices aged under 19 £3.90
- Apprentices aged 19 and over, but in the first year of their apprenticeship £3.90
With effect from the 7th April 2019, statutory maternity, paternity, adoption and shared parental pay rates, will increase from £145.18 per week to £148.68 per week or 90% of the employee’s average weekly earnings, whichever is lower.
Finally, there will also be changes to the rate of statutory sick pay, increasing from £92.05 per week to £94.25 per week. This will take effect from 6th April 2019.
To be entitled to these statutory payments, the employee’s average earnings must be equal to or more than the lower earnings limit, which is also increasing from £116 to £118 in April 2019.
As always, CODE Total HR members and iComply users will be able to refer to the updated Financial Guidelines document (M 205) that is about to be released.
Total HR members receive expert advice on complying with family friendly rights; with an annual audit of team contracts, ensuring you are not at risk of breaching employment legislation and allowing you to focus on growing your business CODE Total HR. We will look after your HR as well as you take care of your patients.
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For more information on CODE’s Total HR service visit codeuk.com/hr or call the team on 01409 254 416.