Posted on Dec 20th 2017.
Here is the list of important dates that you should be remembering over the next couple of months.
Employers must publish reports by 30th March 2018 for Public Sector and 4th April 2018 for Private Sector.
The National Minimum Wage will be increasing on 1st April 2018. Here are the new pay rates:
– 25 and over – £7.83 – 21 to 24 – £7.38 – 18 to 20 – £5.90 – Under 18 – £4.20 – Apprentice – £3.70
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.
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.
The lower earnings limit for National Insurance contributions will increase to £116 per week on 6th April 2018.
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.
There will be an increase to Statutory Sick pay rates to £92.05 per week on 6th April 2018.
The General Data Protection Regulation (GDPR) will come into force on 25th May 2018.
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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