New law: Government announces annual increases in maternity, sickness and other statutory payments in 2018
The Department for Work and Pensions has announced proposed increases to statutory benefit payments as follows:
This update was published in Legal Alert - January 2018
Legal Alert is a monthly checklist from Atom Content Marketing highlighting new and pending laws, regulations, codes of practice and rulings that could have an impact on your business.
- Statutory maternity, paternity, adoption, shared parental pay and maternity allowance will increase from £140.98 per week to £145.18 a week
- Statutory sick pay will increase from £89.35 to £92.05 a week
The new rates are available in a DWP statement.
The increases will take place from April 2018, although the precise date has not yet been announced.
- Employers should budget and plan for the increases with effect from the introduction date (once it has been announced)
Disclaimer: This article from Atom Content Marketing is for general guidance only, for businesses in the United Kingdom governed by the laws of England. Atom Content Marketing, expert contributors and ICAEW (as distributor) disclaim all liability for any errors or omissions.