By Hannah Haywood, employment solicitor at Legal Futures Associate Bhayani HR & Employment Law
With the end of the financial year fast approaching, it brings with it a number of employment law updates. This could see a busy year for legal updates as a number of key legislative shifts are expected throughout 2022. It includes statutory pay increases, gender pay gap reporting deadlines and changes to the right to work checks.
The national minimum wage increase
The government has confirmed the increase in minimum wage from 1 April 2022. The hourly rates are as follows:
Other statutory increases – sick pay, redundancy payment and family related pay
The weekly rate of statutory sick pay (SSP) is increasing in April 2022 from 96.35 to 99.35
The capped weekly rate of a number of different statutory provisions is also changing which includes statutory maternity, paternity, shared parental leave and adoption pay. This is increasing from 151.97 to 156.66. These increases take effect on the first Sunday in April, which in 2022 is 3rd April.
The statutory redundancy maximum amount of a “weeks pay” for calculating a redundancy payment is also increasing from April 2022, from 544 to 571.
National Insurance threshold to rise
Chancellor Rishi Sunak has recently announced to the house of commons that the government will increase the threshold before people have to pay National Insurance from 9,800 to 12.570 to match Income Tax from July 2022. Sunak states this will cost 6bn in a “...
Read Full Story:
https://www.legalfutures.co.uk/associate-news/key-changes-to-employment-law-i...