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.