- On 5 April 2020, the rates of statutory maternity, paternity, adoption and statutory shared parental pay will go up from £148.68 to £151.20 (or 90% of the employee’s average weekly earnings if this figure is less than the statutory rate)
- On 6 April 2020, Statutory Sick Pay (SSP) will also go up from £94.25 to £95.85
- To be entitled to these statutory payments, the employee’s average earnings must be equal to, or more than, the lower earnings limit which is increasing from £118 to £120 per week
- For more information on recently announced National Insurance Contributions rates, read our recent news item
What you need to do …….
Now is a perfect time to prepare amendments to your family-friendly policies include your parental bereavement leave policy and sickness absence policy which relate to these changes.
Too busy? Why not get in touch with Aspire Human Resources to see how we can assist you on 0121 445 6178.