New rates for statutory maternity, adoption, paternity, shared parental and sick pay will come into effect on 5 & 6 April 2015.
The new rates reflect a 1% increase on the current rates.
The Welfare Benefits Up-rating Order has been published confirming the annual increases in the following statutory rates:
|Statutory Rate||Current Rate||New Rate from 5 April 2015|
|Statutory Maternity, Adoption, and Paternity Pay||£138.18||£139.58|
|Statutory Additiona Paternity Leave Pay||£138.18||-|
|Statutory Shared Parental Pay||-||£139.58|
|Statutory Sick Pay||£87.55||£88.45 (from 6 April 2015)|
From 5 April 2015 additional paternity leave and pay will be abolished and the new system of shared parental leave and pay will apply to children where the expected week of childbirth or date of placement for adoption is on or after 5 April 2015.
Employers are therefore encouraged to ensure that their:
- payroll systems are updated to reflect the above rate increases in readiness for 5 April 2015;
- policies and procedures for statutory leave are updated to reflect the abolition of additional paternity leave and the introduction of shared parental leave; and
- managers are trained and prepared to deal with the new rights with regard to shared parental leave. Managers will need to be able to assist employees with an incredibly complex process that the employee will need to follow if they wish to take shared parental leave.
This document is for informational purposes only and does not constitute legal advice. It is recommended that specific professional advice is sought before acting on any of the information given.