April is always one of the busiest months of the year in the world of employment law. Here is a summary of the key updates employers should be aware of:
(1) National Living Wage & National Minimum Wage
The NLW is to increase from £7.50 to £7.83 per hour while the NMW will increase as followed: –
(2) Statutory Benefits
On the 1st April, statutory maternity/paternity/adoption/shared parental pay and maternity allowance will increase to £145.18 per week (currently £140.98 per week).
As of the 6th April, statutory sick pay will increase to £92.05 per week (currently £89.35 per week).
(3) Tribunal Compensation
Compensation limits are minimum awards payable under employment legislation and are set to increase on the 6th April. Increases go as followed:
(4) Taxation of Termination Payments
As of 6th April, all payments made in lieu of notice, will be taxed, regardless of whether they are contractual or not.
(5) Gender Pay Gap Reporting
The 4th April is the deadline in which gender pay gap reports should be published. These results must be made public on the employer’s website and a government site. This means the public, customers, employees and potential recruits will have access to these figures.
Employers should consider taking new or faster actions to reduce or eliminate their gender pay gaps.
How can EmployEasily Legal Services Help?
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