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ARTICLE · 20 DECEMBER 2024

In The Pipeline - December 2024

Travers Smith LLP
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From April 2025, national minimum wage rates will increase, alongside statutory pay adjustments for sick leave, maternity, and redundancy. A new 12-week neonatal leave entitlement will be introduced. The FCA will implement diversity regulations for financial firms, and upcoming employment reforms will strengthen trade union rights and simplify industrial action processes, removing minimum service levels...

United KingdomEmployment and HR
Tim Gilbert
Tim Gilbert
Siân Keall
Siân Keall
Ed Mills
Ed Mills
Ailie Murray
Ailie Murray
Adam Wyman
Adam Wyman
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Employment

National Minimum Wage

1 April 2025

  • The hourly rates of the national minimum wage will increase as follows:
    • from £11.44 to £12.21 for workers aged 21 or over (this rate is referred to as the national living wage)
    • from £8.60 to £10 for workers aged 18-20
    • from £6.40 to £7.55 for apprentices and workers aged 16-17.
  • In the longer term, the Government plans to extend the national living wage to workers aged 18 or over, but there is no indication of when this change is likely to take place.

Unfair Dismissal Compensation and Statutory Redundancy Pay

6 April 2025

  • The annual increases to the maximum compensatory award for unfair dismissal and the maximum amount of a week's pay will take place.

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