New Statutory Benefit Rates
Last week, the Government announced new benefit rates for 2015.
With effect from 5 April 2015:
- the standard rate for Statutory Maternity Pay (SMP) will increase from £138.18 per week to £139.58 per week;
- the rate for Ordinary and Additional Statutory Paternity Pay (OSPP & ASPP), Statutory Adoptive Pay (SAP), Statutory Shared Parental Pay (SSSPP) will also increase from £138.18 to £139.58 per week.
With effect from 6 April 2015:
- the rate for Maternity Allowance (MA) will increase from £138.18 to £139.58 per week;
- the rate for Statutory Sick Pay (SSP) will increase from £87.55 to £88.45 per week.
Employers should be alerting their payroll to these changes now.