As mentioned in some of our previous updates, there has been a number of new and amended laws in April. Here is a brief recap:
- First gender pay gap reporting deadline
As detailed in our January update, 4 April 2018 was the deadline for private sector and voluntary-sector employers to publish their first gender pay gap report.
You will remember that this only applies to employers with 250 or more employees and that the report should appear on the employer’s website.
- Change in termination payments
On 6 April 2018, changes were made on taxation of termination payments. Effectively, all payments in lieu of notice (PILON) are taxable and the £30,000 exemption no longer applies.
To recap, please take a look at our January update.
- National minimum wage change
On 1 April 2018 the national living wage for workers aged 25+ increased to £7.83 per hour. You are advised to ensure that adequate records of all payments are kept in order show their employer’s compliance with national minimum wage rules.
- Increase in statutory family-related pay and statutory sick pay
On 1 April 2018 the statutory maternity, paternity, adoption and shared parental pay increased to £145.18.
The weekly rate of statutory sick pay also increased on 6 April 2018 to £92.05
- Limits on statutory redundancy pay
On 6 April 2018 new limits on employment statutory redundancy pay calculations came into force.
This means that employers that dismiss employees for redundancy must pay those with two years’ service a figure based on the employee’s weekly pay, length of service and age. The weekly pay is subject to a maximum amount of £508.
If you would like any further information on the above or advice on how they apply to your business then please contact Tom Evans, Associate Employment & HR.
