01/10/2009 by admin.

In the 2009 budget the Government announced its intention to increase statutory redundancy pay from £350.00 to £380 per week.  The increase becomes effective today (1^st October 2009).The new figure will also apply to the basic award in unfair dismissal cases as well as other compensation payments based on weekly pay.The annual adjustment, which normally occurs each February, will not now take place until 2010.  The limit will therefore remain at £380.00 until February 2011.

The cap on unfair dismissal compensatory awards (currently £66,200) is unaffected.  The annual adjustment to this will still occur in February 2010.

 Thanks again Simone

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01/10/2009 by admin.

As of today, (1^st October 2009), the National Minimum Wage (NMW) new hourly rates will take effect:--          Workers aged 22 and over: £5.80

-          Workers aged 18-21: £4.83

-          Workers aged 16 and 17: £3.57

There are certain exemptions from the above for Apprentices.  The Minimum wage for workers starting an Apprenticeship is £95.00 per week (this came in to effect on 1^st August 2009).

From 1^st October 2010 the Government has announced that the full National Minimum Wage rate will be payable for those aged 21 and over.

 Thanks to Simone for the update

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