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Round up of rates and limits

Posted on 23rd January 2014
New legislation

This article rounds up the rate changes coming in this year

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Julie Temple Julie
Partner Telephone: 01473 694407

7 March 2014 – NMW penalty

The penalty for failure to pay the national minimum wage is due to increase from £5,000 to £20,000 with effect from March 2014. It is also possible that the penalty will apply per underpaid worker!

6 April 2014 – ‘Family friendly’ and sick pay

The maximum weekly pay of statutory maternity, adoption and paternity pay will increase to £138.18 (from £136.78).

The rate for statutory sick pay will increase to £87.55 (from £86.70).

The earnings threshold wil increase to £111 (from £109).

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