Shared Parental Pay (SHPP) £187.18
Maternity Pay (SMP) £187.18
Statutory Adoption Pay (SAP) £187.18
Statutory Bereavement Pay (SBP) £187.18
Statutory Rates for Paternity Pay (SPP) £187.18
Pension Contributions Employee 5%
Employer 3%
For the 2022/23 tax year, you’ll pay contributions on any earnings between £6,240 and £50,270.
Redundancy – Limit on a week’s pay for calculating redundancy and unfair dismissal basic award
£719
Maximum basic award for unfair dismissal and statutory redundancy payment (30 weeks’ pay subject to the limit on week’s pay)
£21,500
Minimum award for dismissal on TU, H&S, occupational pension scheme trustee, employee rep & on working time grounds only
£8,553
Maximum compensatory award for unfair dismissal: a year’s pay
£118,223
Contract claims if in an employment tribunal
£25,000
National Insurance Lower Earnings Limit
£6,500
Statutory Sick Pay
£118.75 per week
Statutory Guarantee Pay
£39 per day
National Minimum Wage
£12.21 for workers aged 21 and over (the national living wage)
£10.00 for workers aged 18 to 20
£7.55 for workers aged under 18 who are no longer of compulsory school age
£7.55 for apprentices under 19, or over 19 and in the first year of the apprenticeship.
