Turner Parkinson Ranked Amongst Top Dealmakers
Turner Parkinson are delighted to have been ranked as the 3rd most active dealmaker in the North West following Experian’s latest publication on completed deals for the first quarter of 2016. We have also been ranked 3rd in terms of deals volume in the Yorkshire and Humber region. The team completed a total of seven deals in the North West and four deals in Yorkshire and Humber showing great…
EAT: Childcare Vouchers Can Be Withdrawn by an Employer During Maternity Leave
The long established position that childcare vouchers administered under a salary sacrifice scheme formed part of an employee’s non cash benefits and therefore must be continued during maternity leave, has recently been overturned by the UK Employment Appeal Tribunal (EAT) in the case of Peninsula Business Services Ltd (Peninsula) v Donaldson.
Budget 2016 – 5 Key Points
If you have any questions arising from this article or would like further information on the employment related updates in the March 2016 Budget, please get in touch with a member of our Employment team.
National Living Wage
As reported in a previous bulletin, from 1 April 2016, the new national living wage for workers aged 25 and over came into force at a rate of £7.20 an hour. This will not change on 1 October 2016. It has also been confirmed that all national minimum wage rates will be increased in parallel from April 2017 and will be set by the Low Pay Commission’s recommendations.
Limits on Tribunal Awards and Statutory Payments Increased from April 2016
On 6 April 2016, the Tribunal compensation limits will increase. The maximum compensatory award for unfair dismissal will rise from £78,335 to £78,962. The maximum amount of a week's pay, used to calculate statutory redundancy payments and various awards including the basic and additional awards for unfair dismissal, also rises from £475 to £479.