Statutory Payment Rates for 2018-2019 Confirmed
Posted on 30th January 2018 at 15:17
The Government has recently published the draft Social Security Benefits Up-rating Order 2018 which confirms the new statutory rates for 2018.
From 1 April 2018 the standard weekly rates of Statutory Adoption Pay (SAP), Statutory Maternity Pay (SMP), Statutory Paternity Pay (SPP) and Statutory Shared Parental Pay (ShPP) are increasing to £145.18. If the employee's average weekly earnings are less than the statutory rate, the payment will be 90% of the employee's average weekly earnings.
From 6 April 2018 the weekly rate of Statutory Sick Pay (SSP) is rising to £92.05.
The weekly lower earnings limit, below which employees don't qualify for these payments, will increase to £116 per week from 6 April 2018.
STATUTORY RATES 2017-18 2018-19
Earnings Threshold £113.00 £116.00
Statutory Adoption Pay £140.98 £145.18
Statutory Maternity Pay £140.98 £145.18
Statutory Paternity Pay £140.98 £145.18
Statutory Shared Parental Pay £140.98 £145.18
Statutory Sick Pay £89.35 £92.05
If you have any questions on Statutory Payments, please contact us and we will be happy to discuss it with you.
For all your HR advice and support, whether in Luton, or anywhere in the UK, look no further than Plain Talking HR.
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