New Statutory Rates 2021
The government has announced the new statutory rates which will come into force in April 2021.
Statutory Rates 2021
The government have announced the new statutory rates which will apply from Sunday 4 April 2021 in their annual publication of benefit and pension rates.
Statutory Sick Pay
SSP will increase from its current rate of £95.85 to a new rate of £96.35. The new earnings threshold for eligibility (the lower earnings limit) has not yet been published, and currently stands at £120.
Statutory Maternity Pay
SMP, maternity allowance, paternity pay, shared parental pay, and adoption pay will all increase on 4 April 2021 from the current rate of £151.20 to the new rate of £151.97 (or 90% of the employee’s average weekly earnings if this figure is less than the statutory rate).
Statutory Parental Bereavement Pay
Statutory Parental bereavement pay is payable to parents of a child who died on or after 6 April 2020, will also increase on 4 April 2021 from £151.20 to the new rate of £151.97.
These rates are usually increased in line with inflation, which has been low over the last year.
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