The following compensation limits are set to be increased from 6th April 2019
The above limits depend on whether the employee’s effective date of termination falls on or after 6 April 2019.
Increases to Amounts for Statutory Maternity Pay and Statutory Sick Pay
Statutory maternity pay and statutory sick pay weekly amounts will also be increasing as set out below:
* Statutory maternity pay
Statutory maternity pay (SMP) is payable at two different rates:
- For the first six weeks, at the earnings-related rate, which is 90% of the employee’s normal weekly earnings.
- For the remaining 33 weeks, at either the prescribed rate (see the table above) or the earnings-related rate, whichever is lower.
Other amounts for statutory paternity pay, statutory adoption pay and shared parental leave will also increase.
Please see below link for more details:
The Social Security Benefits Up-rating Order 2019
Get in touch
If you need any further advice, please do get in contact. Call Philomena Price, Director and Employment Law Solicitor at Spratt Endicott Solicitors on 01295 204147, or email email@example.com.
*Disclaimer: While everything has been done to ensure the accuracy of the contents of this article, it is a general guide only. It is not comprehensive and does not constitute legal advice. Specific legal advice should be sought in relation to the particular facts of a given situation.