8 January 2013 0 Comments
Posted in News

Proposed statutory payment rates for 2013 announced

On 27 December 2012, The Department for Work and Pensions announced the following proposed increases to the rates of statutory benefits:

  • The standard rates for statutory maternity pay, statutory paternity pay and statutory adoption pay will increase from £135.45 to £136.78. The weekly earnings threshold for these payments will rise from £107 to £109.
  • Statutory sick pay will increase from £85.85 to £86.70, with the weekly earnings threshold also rising from £107 to £109.
  • Maternity allowance will increase from £135.45 to £136.78, with the earnings threshold remaining at £30.

The new rate of statutory sick pay will be effective from 6 April 2013 and the rate for the other statutory payments will be effective from 7 April 2013. The increased rates are subject to Parliamentary approval, HMRC will provide an update on their website if approval is not obtained.

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