Statutory Rates – April 2014

With effect from 6th April 2014 the following weekly rates will apply:

  • Week’s pay (for calculating redundancy, etc) = £464 (previously £450)
  • Statutory Maternity, Paternity and Adoption Pay = £138.18 (previously £136.78)
  • Statutory Sick Pay = £87.55 (previously 86.70)

In addition the maximum compensation award has been increased from £74,200 to £76,574 (which is still subject  to the one year’s pay cap)

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