STATUTORY PAYMENT CHANGES FROM APRIL 2022

STATUTORY PAYMENT CHANGES FROM APRIL 2022

April is almost upon us and with that, a few changes come into effect regarding statutory payments. These include: –

National Minimum Wage

National Minimum Wage amounts will change on 1st April 2022: –

Age2022 Rate2021 Rate
Apprenticeship£4.81£4.30
Under 18years£4.81£4.62
18 to 20 years£6.83£6.56
21 to 22 years£9.18£8.36
23 years and over£9.50£8.91

STATUTORY SICK PAY

Statutory Sick Pay amounts will also increase from April 2022 to £99.35 per week.

STATUTORY FAMILY PAY

Again, another change in statutory payments is those for maternity, paternity, adoption, shared parental leave, and parental bereavement

Maternity Pay – weekly rate for first 6 weeks

90% of employees’ average weekly earnings.

Maternity Pay – weekly rate for remaining weeks

£156.66 of 90% of employees’ average weekly earnings, whichever is lower.

Paternity Pay – weekly rate

£156.66 or 90% of employees’ average weekly earnings, whichever is lower.

Adoption Pay – weekly rate for first 6 weeks

90% of employee’s average weekly earnings

Adoption Pay – weekly rate for remaining weeks

£156.66 or 90% of employee’s average weekly earnings, whichever is lower.

Shared Parental Pay – weekly rate

£156.66 or 90% of employees’ average weekly earnings, whichever is lower.

Shared Parental Bereavement Pay

£156.66 or 90% of employees’ average weekly earnings, whichever is lower.

REDUNDANCY PAY CAP

And finally, the Redundancy Pay Cap will increase from 6th April 2022 to £571 per week, an increase of £27 per week.

The maximum basic amount that an employee will be entitled to receive is increasing to £17,130.

It is important to make sure that proper adjustments are made on time to avoid any unwanted issues with payment amounts.

If you have any questions or queries on this, drop us an email to info@orchardemploymentlaw.co.uk