There have been a number of significant changes recently to statutory rates and compensation payments. Here is a roundup of some of the most important. 
Family Friendly Payments 
 
New rates from 2nd April 2017: 
 
Statutory Maternity Pay (SMP) - for the first six weeks, 90% of the employee’s average weekly earnings. For the remaining weeks £140.98 or 90 per cent of employee’s weekly earnings if this is lower. 
 
Statutory Adoption Pay (SAP) - for the first six weeks, 90% of the employee’s average weekly earnings. For the remaining weeks £140.98 or 90 per cent of employee’s weekly earnings if this is lower. 
 
Statutory Paternity Pay (SPP) - £140.98 or 90 per cent of employee’s weekly earnings if this is lower. 
 
Statutory Shared Paternal Leave Pay - £140.98 or 90 per cent of employee’s weekly earnings if this is lower. 
 
Statutory Sick Pay 
 
New rate from 2nd April 2017: £89.35. 
 
National Living Wage 
 
New rates from 1st April 2017: 
 
Workers aged 25 and over - £7.50 per hour. 
Workers aged 21 and over - £7.05 per hour. 
Development rate for workers aged 18 to 20 - £5.60 per hour. 
Young workers rate for workers aged 16 to 17 - £4.05 per hour. 
Apprentice rate - £3.50 per hour. 
We know how difficult it is to keep up-to-date with the latest legislation, and we can help with this and any other HR issues you may have. Give us a call today on 03300 884 352 for an informal chat about your requirements. 
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