Statutory Payments updated for 2014/15
Social security benefits and payments increase on 6 April 2014. The payments affected by the legislation will increase by 1 percent in the tax tear 2014/15.
In particular, as of 6 April 2014:
• The rate of statutory sick pay will increase to £87.55 (up from £86.70).
• The rate of statutory maternity pay will increase to £138.18 (up from £136.78).
• The rate of statutory adoption pay, statutory paternity pay, and additional statutory paternity pay will increase to £138.18 (up from £136.78).
We will update this briefing at the end of March. Please feel free to send this to anyone who you think would benefit from it.
This Briefing has been produced for information purposes only and is based on the law and other information available at the time of writing. We cannot be held responsible for any losses incurred through acting or failing to act on the basis of anything contained in this Briefing.
If you require advice on any of the matters referred to, please contact us so that we can advise you, taking account of your own particular circumstances and requirements.