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Statutory payment rates 2020/21 confirmed

Source: The National Archives | 06/02/20

Following the government policy paper published in January 2020, announcing the proposed new rates for statutory maternity pay (SMP), statutory adoption pay (SAP), statutory paternity pay (SPP), statutory shared parental pay (ShPP) and statutory sick pay (SSP) for tax year 2020/21, the government has now published the draft Social Security Benefits Up-rating Order 2020 which confirms the figures. 

The standard weekly rates of SMP, SAP, SPP and ShPP will increase from £148.68 to £151.20 from 5 April 2020 and the weekly rate of SSP will increase from £94.25 to £95.85 from 6 April 2020. 

The draft Social Security Regulations 2020 confirm that the lower earnings limit, below which employees are not entitled to SMP, SAP, SPP, ShPP and SSP, will increase from £118.00 to £120.00 per week from 6 April 2020.

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Some accountancy websites also provide pages and pages of tax information, helpsheets, etc. We prefer to give clients personally tailored advice. So, if you want details of tax rates and allowances just go to the HMRC website on which you should find what you’re looking for. If you need more individual advice please contact us.

Below are links to websites you may find of interest, but as we like to support our local community and clients, we have included links to websites that may be of interest:

HMRC

FT

BBC

VEALE WASBROUGH VIZARDS

CESP

PRACTICE INDEX

SIMCOMM ACADEMY

More Local:

FOOTPLATE EXPERIENCE

ANGLEBURY PRESS

OFFCAMBER.CO.UK

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