4 weeks ago
New Rates of National Minimum Wage
A brief reminder of forthcoming increases to the National Minimum Wage and other employment rates
From 1 April 2019, the National Minimum Wage increases as follows:
Rates | 2019 | 2018 |
National Living Wage (age 25+) | £8.21 | £7.83 |
Adult rate (age 21-24) | £7.70 | £7.38 |
Development rate (age 18-20) | £6.15 | £5.90 |
Young workers rate (age 16-17) | £4.35 | £4.20 |
Apprentice rate | £3.90 | £3.70 |
From 6 April 2019, the cap on one week’s pay for calculating statutory redundancy payments will increase from £508 to £525.
Auto enrolment pension contributions will also increase from a minimum employer contribution of 2% and an employee contribution of 3%, to a minimum employer contribution of 3% and an employee contribution of 5%.
Finally, from 7 April 2019, the weekly rate of statutory maternity, paternity and adoption pay will increase to £148.68.