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Wednesday October 9 2024 1:14 AM

Proposed Statutory Pay Rates

At the end of 2014 the Government proposed the new statutory payment rates for 2015/16.  These are still to be approved but are unlikely to change. The new SSP rate will be applicable from 5 April 2015, whilst all other changes will come into effect from 6 April 2015.

Also the lower earnings limit for all rates will increase to £112 per week from £111.

Family Rates

The standard weekly rate of statutory maternity pay (SMP), statutory adoption pay (SAP) and statutory paternity pay (SPP) will increase from £138.18 to £139.58 for weeks commencing on or after 5 April 2015.

Employees who qualify for statutory shared parental pay (SShPP) whilst on shared parental leave will be paid at the same rate, or at 90 per cent of their average weekly earnings if this figure is lower.

Sick Pay

The weekly statutory sick pay (SSP) rate for days of sickness absence commencing on or after 6 April 2015 will increase from £87.55 to £88.45.