Although they’re not a legal requirement, many businesses use statutory rates as their reference point for absence-related pay. The weekly rates of statutory sick pay and statutory maternity pay are usually reviewed and increased every April, but not next year…
In April this year, statutory sick pay (SSP) was increased from £87.55 to £88.45 per week – but the Government has confirmed that SSP rates will not increase in 2016, and the same will also apply to:
- Statutory maternity pay
- Paternity pay
- Adoption pay
- Shared parental pay
Because rates are calculated in relation to the Consumer Price Index (CPI), we generally see an increase year-on-year, but with the CPI falling by 0.1% in the year to September 2015, rates will remain static in 2016.
Facts and figures
Therefore, statutory rates will continue at the following current values until at least April 2017:
- SSP – £88.45 per week
- SMP etc – £139.58 per week
The lower earnings limit (the minimum amount a worker must earn per week to qualify for SSP, SMP etc.) will remain at £112 per week.