New Rates of National Minimum Wage

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:

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.