New rates set for 2014 – 2015 statutory payments
The Department for Work and Pensions has set new rates for statutory sick pay (SSP) and statutory maternity pay (SMP) for 2014 – 2015.
These new rates take effect on 6 April 2014 and are as follows:
- statutory sick pay (SSP) increases from £86.70 to £87.55
- statutory maternity pay (SMP) increases from £136.78 to £138.18 (for statutory paternity and adoption payments, this figure also applies)
The Welfare Benefits Up-Rating Order can be found at: http://www.legislation.gov.uk/uksi/2014/147/contents/made.
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