|Tax Rates||Weekly benefit|
|Basic Retirement Pension|
|Pension Credit (Standard Minimum Guarantee)|
|New State Pension||£164.35|
|First eligible child||£20.70|
|Each subsequent child||£13.70|
Statutory Pay qualification – average weekly earnings (AWE) £116 or over.
Sick (SSP) The standard rate is £92.05 per week for up to 28 weeks.
Statutory Maternity Pay (SMP), Adoption (SAP) and Paternity (SPP) paid at the lower of £145.18 or 90% of average weekly earnings (AWE) apart from the first 6 weeks of SMP which is paid at 90% of AWE. SMP and SAP are payable for up to 39 weeks. SPP is payable for up to the balance of the untaken SMP period. SPP payable for up to 2 weeks.
Job Seekers Allowance is paid at £73.10 (single person – 25 or over) or £114.85 (couple – both 18 or over).
Universal Credit (monthly rates)
Standard allowance is for a single person (25 or over) is £317.82. The couple’s rate (where one or both are 25 or over) is £498.89. The new Universal Credit is being phased in gradually.
National Living Wage
Workers aged 25 and over – £7.83 from April 2018
|National Minimum Wage|
|Age||21 – 24||18-20||16-17||Apprentices*|
|From 1 April 2018||£7.38 p.h.||£5.90 p.h.||£4.20 p.h.||£3.70 p.h.|
*Rate applies to apprentices under 19, or those 19 and over in the first year of apprenticeship