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Government publishes new statutory pay rates

Nov 27, 2017

At present, the weekly rate of statutory maternity pay is £140.98 or 90% of the employee’s average weekly earnings whichever is lower. This is set to increase from April 2018 to £145.18.

In addition, on the 1st April 2018, the rates of statutory paternity pay and shared parental pay will increase from £140.98 to £145.18 or 90% of the employee’s average weekly earnings, whichever is lower. Further, the rate of statutory adoption pay will rise from £140.98 to £145.18.

Finally, the rate of statutory sick pay is set to increase from £89.35 to £92.05. In order for an employee to be entitled to these payments, their average weekly earnings must be equal to or more than the lower earnings limit. This limit is due to go up from £113 to £116 in April 2018.

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Category

Employment Law Updates

Tags

Employment Law Advice, Maternity Pay, Paternity Pay, Shared Parental Leave, Sick Pay