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6 February 2014

New statutory rates of pay

The new rates of certain statutory payments have been announced, to take effect from 6 April 2014.

The Welfare Benefits Up-rating Order 2014 (SI 2014/147) will increase the relevant payments by 1% for the tax year 2014-2015.

  • Statutory sick pay (SSP) will increase from £86.70 per week to £87.55.
  • Statutory maternity pay (SMP) will increase from £136.78 per week to £138.18.
  • Statutory adoption and paternity/additional paternity pay will increase from £136.78 per week to £138.18.

The new National Minimum Wage rates are expected to be announced in March, to take effect from October 2014.