Minimum wage, Child benefits, Statutory pay

Minimum Wage

From 1 October 2015 From 1 October 2014
21 & over £6.70/hour £6.50/hour
18 to 20 £5.30/hour £5.13/hour
16 and 17 £3.87/hour £3.79/hour
Apprentice rate £3.30/hour £2.73/hour

Child benefit

Child Benefit is receivable by a person responsible for each child until they reach 16, or 20 if they stay in education or training.

If the person (or their spouse or partner) has adjusted net income above £50,000 the person with the highest income has to pay some of the Child Benefit as a tax charge.
If their adjusted net income is more than £60,000 a year, the tax charge equals the Child Benefit received.

Rate per week

Eldest / only child: £20.70 (2014/15: £20.50)
Other children: £13.70 (2014/15: £13.55)

Statutory Pay

Payments may be required from an employer if an employee is not at work for a variety of reasons.

There are detailed conditions for an employee to qualify for any of these statutory payments.
One common condition is that employees are only eligible for a statutory payment if their pay averages the lower earnings limit.

Type Max Payment Period 2015/161 2014/151
Statuary Maternity Pay First six weeks 90% of weekly earnings 90% of weekly earnings
Next 33 weeks £139.58 2 £138.18 2
Statutory Paternity Pay 2 weeks £139.58 2 £138.18 2
Statutory Adoption Pay 39 weeks £139.58 2 £138.18 2
Shared Parental Pay 37 weeks £139.58 2

Notes…

  1. Average weekly earnings £112 or over (2014/15: £111)
  2. Or 90% of weekly earnings if lower.

Statutory Sick Pay

Payments may be required from an employer if an employee is too ill to work.

SSP is generally payable for a period up to 28 weeks.

Statutory Maternity Pay

Payments may be required from an employer when an employee takes time off to have a baby.
SMP is payable for a period up to 39 weeks.

Statutory Paternity Pay

Ordinary

Payments may be required from an employer when an employee takes time off during their partner’s Statutory Maternity Pay period.
Payment is for a period of either one or two complete weeks.

Additional

Payments may be required from an employer when an employee takes time off following the return to work of their partner following a period of SMP.

Payment is for up to a maximum of 19 weeks and is dependent on the mother’s unused SMP period.
Additional Statutory Paternity Pay is replaced for babies due on or after 5 April 2015 by Shared Parental Pay.

Shared Parental Pay

Payments may be required from an employer when an employee takes time off following the curtailment of the period of SMP by the mother.
Payment is for up to a maximum of 37 weeks and is dependent on the mother’s unused SMP period.

Statutory Adoption Pay

Payments may be required from an employer when an employee takes time off when they adopt a child.
Payment is for a period up to 39 weeks.

Payslip Calculator

Tax Year  
Gross Pay
Pension Contribution
Tax Code 647L,BR,D0,xxxL,xxxK,747L
   
  YEARLY (£) MONTHLY (£) WEEKLY (£)
Gross 0.00 0.00 0.00
Pensions 0.00 0.00 0.00
Tax 0.00 0.00 0.00
NI 0.00 0.00 0.00
Net wages 0.00 0.00 0.00
Employers NI 0.00 0.00 0.00

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