03 April 2014

Changes to statutory payments


April has always been the month in which the majority of statutory payment rates are amended, but the Government recently decided that the annual uprating of a week’s pay and the maximum compensatory award for unfair dismissal, which historically have occurred in February, should also be moved to April.

The old and new rates of the affected payments are set out below.
 
*Maximum amount of a week’s pay
*1 February 2013 – 5 April 2014: £450
*6 April 2014 – 5 April 2015: £464

Unfair dismissal maximum award
*Dismissals 1 February 2013 – 5 April 2014: the lesser of 52 weeks’ basic pay and £74,200
*Dismissals 6 April 2014 – 5 April 2015: the lesser of 52 weeks’ basic pay and £76,574

Statutory maternity pay (prescribed rate), statutory paternity pay and statutory adoption pay
*7 April 2013 – 5 April 2014: £136.78
*From 6 April 2014: £138.18

Statutory sick pay
*6 April 2014 – 5 April 2015: £87.55
*6 April 2013 – 5 April 2014: £86.70
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