The national minimum wage rates changed on 1 October as follows:
- The rate for workers aged 21 to 24 increased to £6.95 per hour;
- The development rate (workers aged 18 to 20) increased to £5.55 per hour;
- The young workers rate (non-apprentices aged under 18 but above compulsory school age) increased to £4.00 per hour;
- The apprenticeship rate increased £3.40 per hour;
- The accommodation offset limit increased to £6.00 per day.
No change was made to the national living wage which took effect in April 2016. Going forward it is intended that the national minimum wage and the national living wage will be increased in tandem in April each year.
It has been confirmed that the publication of the Equality Act 2010 (Gender Pay Gap Information) Regulations 2016 has been delayed. At the time of writing it is thought likely that the deadline for organisations to publish the required gender pay information will still be 30 April 2018.
The natural persons requirement in section 87 of the Small Business, Enterprise and Employment Act 2015 takes effect from October. This requires any company director to be a natural person rather than another company. There is a 12 month period of grace after which any corporate directors will cease to be directors by operation of law
The most recent update on the Public Sector Exit Payments Regulations 2016 was that they would not be implemented before 1 October 2016, but it is not yet clear when they will be implemented. If they do come into effect they will limit exit payments to public sector employees to a maximum of £95,000. It is also not clear when the provisions will come into force which will require repayment of public sector exit payments in certain circumstances.