Here is the list of important dates that you should be remembering over the next couple of months.
Gender Pay Gap Reporting
Employers must publish reports by 30th March 2018 for Public Sector and 4th April 2018 for Private Sector.
National Minimum Wage
The National Minimum Wage will be increasing on 1st April 2018. Here are the new pay rates:
Age:
– 25 and over – £7.83
– 21 to 24 – £7.38
– 18 to 20 – £5.90
– Under 18 – £4.20
– Apprentice – £3.70
Statutory Maternity, Paternity, Parental Leave and Adoption Leave
The Statutory Maternity, Paternity, Parental Leave and Adoption Leave rates will increase to £145.18 (or 90% of the average weekly earnings if it is less than this) on 1st April 2018.
Income Tax Allowance
There will an increase to income tax allowance thresholds on 6th April 2018. For lower tax rate payers it will be £11,850 and higher tax rate payers it will be £46,350.
National Insurance Contributions
The lower earnings limit for National Insurance contributions will increase to £116 per week on 6th April 2018.
Pensions Auto-Enrolment Scheme
Employer contribution into a pensions auto-enrolment schemes will increase from 1% to 2% on 6th April 2018 and there is a planned further increase to 3% for 2019.
Statutory Sick Pay
There will be an increase to Statutory Sick pay rates to £92.05 per week on 6th April 2018.
General Data Protection Regulation
The General Data Protection Regulation (GDPR) will come into force on 25th May 2018.
EU Trade Secrets Directive
The new EU Wide definition of “trade secret” to protect against unlawful acquisitions, use or disclosure will come into place in June 2018.
Remember to save these dates so you do not miss anything. If you have any questions or concerns about any of these changes, get in touch today.
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