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Statutory payment rates for 2013/14

by Tax Faculty Team on 02.01.2013 10:20

Rates of sick pay and maternity, paternity and adoption pay

 

The Department for Work and Pensions have announced the new Statutory payment rates for 2013-14.

 

Statutory payment type Weekly rate£
Statutory Maternity Pay (SMP) 136.78
Ordinary Statutory Paternity Pay (OSPP) 136.78
Additional Statutory Paternity Pay (ASPP) 136.78
Statutory Adoption Pay (SAP) 136.78
Statutory Sick Pay (SSP) 86.70

 

There is no change to the Small Employers’ Compensation Rate which will remain at 3%.

 

The new rate for SSP is effective from 6 April 2013. The rate for the other statutory payments is effective from Sunday 7 April 2013.

 

Note that rates are still subject to Parliamentary approval.