It’s that time of year again when the new rates for certain statutory payments are set and here’s the essentials you need to know!
From 6 April 2014:
- Statutory sick pay will increase to £87.55 (from £86.70);
- Statutory maternity pay will increase to £138.18 (from £136.78);
- Statutory adoption pay will increase to £138.18 (from £136.78)
- Ordinary and additional paternity pay will increase to £138.18 (from £136.78).
What this means to you is that you must get ready now to pay your eligible employees in line with the new minimum rates.
If you have any questions at all, if you would like any advice or information on these changes, or how to manage sickness absence, maternity or paternity leave, please don’t hesitate to get in touch and I’ll be pleased to advise.