The proposed rates remain subject to Parliamentary approval but changes are thought unlikely.
The proposed revised rates are as follows:
- The standard rate of statutory maternity pay, statutory paternity pay, additional statutory paternity pay and statutory adoption pay will all increase to £136.78 per week (from the current rate of £135.45).
- The maternity allowance prescribed rate will increase to £136.78 (from £135.45) per week.
- Statutory sick pay will increase to £86.70 per week (from the current rate of £85.85).
- The weekly lower earnings limit applying to National Insurance contributions, below which employees are not entitled to statutory sick pay, statutory maternity pay, statutory adoption pay or statutory paternity pay, but remain entitled to maternity allowance, will increase from £107 to £109.
For further advice please contact our employment law team – email@example.com