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New statutory rates 2014

Every April sees a small increase in statutory rates applying to every business with employees. If you have staff off on sick leave, on maternity or paternity leave, you need to know what the current rates are so you can make sure you’re paying them correctly.

In brief, the new statutory rates 2014 are as follows:

Statutory Sick Pay (SSP) rate 2014 – £87.55 per week

Statutory Maternity Pay (SMP) rate 2014 – £138.18 per week

Statutory Paternity Pay rate 2014 (SPP) – £138.18 per week

We’ve put together an employer’s quick reference guide covering:

  • Statutory rates;
  • National Minimum wage rates;
  • Redundancy pay;
  • Minimum notice periods;

Download your free copy now

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