Statutory Payments Increases from 2nd April 2017
Statutory Payments are payments that are made to employees to cover earnings lost when they are absent from work either due to illness or because they are becoming a parent.
The weekly rate of statutory maternity, paternity, adoption and shared parental pay will increase to £140.98 from 2nd April 2017
The statutory sick pay will increase to £89.35 from 6th April 2017.
The maximum statutory redundancy payment will increase to £14,670 and the cap on a statutory week’s pay will increase to £489.
If you have any questions on Statutory Payments please contact us.
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