💡 EMPLOYER TAXES ⇒ 19.55%+ GBP 60.32 (estimated)
★ 4% - Pension
★ 15.05% - National Insurance
★ 0.5% - Monthly Apprentice Levy
★ GBP 60.32 - Employer Liability Insurance
The United Kingdom (UK) is a sovereign country in Europe comprised of England, Wales, Scotland, and Northern Ireland. The country includes the island of Great Britain, the northeastern part of the island of Ireland, and smaller islands within the British Isles. The UK has a high-income economy and the world’s 6th-largest GDP. British culture has been influenced by the combined nations' history, its interaction with the cultures of Europe, the traditions of England, Wales, Scotland, & Ireland, and the impact of the British Empire.
Pregnant employees are entitled to 52 weeks of maternity leave, of which at least 2 weeks need to be taken after the child’s birth. The leave is paid for 39 weeks up to 90% of the regular salary, the first 6 weeks by the employer and the next 33 weeks by social insurance.
Fathers can receive 1-2 weeks of paid paternity leave, beginning after the birth and paid at up to 90% of the salary by social insurance. Parents in the UK can also receive Shared Parental Leave (SPL) when adopting or after the birth of a child. Parents can take up to 50 weeks of shared leave, of which 37 weeks are paid.
Employees can receive up to 28 weeks of paid sick leave compensated at a minimum of GBP 99.35 per week after the first 3 days of illness.
There are 8 public holidays in England, Wales, and Scotland, and 10 holidays in Northern Ireland. Employees are also entitled to at least 28 days of paid time off each year (including bank holidays). Employees can also take leave for bereavement, jury duty, or other occurrences.
The national minimum wage in the United Kingdom is dependent on the age of the employee, and is around GBP 9.50 per hour. The standard workweek is 40 hours at 8 hours per day. Overtime work is regulated by the employment contract or collective agreements.
The termination process depends on the employment contract or collective agreement and reason for termination. Terminations could be deemed fair or unfair depending on the reasoning of the termination.
Notice periods are usually outlined in the employment contract, however the statutory minimum is 1 week of notice per year of work at the company (up to 12 weeks).
Severance pay is only mandatory in the case of termination due to redundancy. The amount of depends on the age of the employee: