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Government reforms (3): Statutory rates increase

What do we already know?

Annually in April the annual increase in statutory pay rates come into effect which are normally increase in line with the consumer price index (CPI).

What’s new?

The following proposed increases to statutory payments will be effective in April 2018:

The weekly rate of:

To be entitled to these statutory payments, the employee’s average earnings must be equal to or more than the lower earnings limit.  The lower earnings limit is increasing from £113 to £116 in April 2018.



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