Biz Extra

Published: February 16, 2022 | Updated: February 17, 2022

Your guide to the newly published statutory rates with ViewHR Director Gemma Murphy

By Andrew Diprose, editor

The government has published the proposed statutory rates, writes Gemma Murphy, Director, ViewHR.

The rates normally increase each April in line with the consumer price index (CPI).

However, it’s worth noting that the dates are generally not the same.

National Minimum Wage (NMW) and National Living Wage (NLW) will increase from 1 April 2022.

For Statutory Maternity Pay (SMP), Statutory Paternity Pay (SPP), Shared Parental Pay (ShPP) and Statutory Adoption Pay (SAP), the change will come into effect on 3 April 2022.

Statutory Sick Pay (SSP) will increase on 6 April 2022.

To be entitled to these statutory payments, the employee’s average earnings must be equal to or more than the lower earnings limit.

ViewHR have outlined the increased statutory rates below:

If you are an employer and would like to discuss payroll and benchmarking, or any other HR and employment law matters arising, please contact a member of the ViewHR team today.

Gemma Murphy, Director of View HR Limited.

hr@viewhr.co.uk      

01425 205390

viewhr.co.uk