Jan 2022

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New Statutory Payment Rates for 2022-23

National Insurance rates and thresholds and Statutory Payment rates have been confirmed by HMRC for the 2022-23 tax year. The weekly earnings thresholds Lower Earnings Limit (LEL) will rise to £123. The first six weeks of Statutory Maternity Pay (SMP) and Statutory Adoption ay (SAP) will remain as 90% of the employee’s average weekly earnings. For week seven and the remaining weeks, the statutory weekly rate will be whichever is lower: 90% of the employee’s average weekly earnings or £156.66.

For Statutory Paternity Pay (SPP), Statutory Shared Parental Pay (ShPP) and Statutory Parental Bereavement Pay (SPBP) the payment will be whichever is lower: 90% of the employee’s average weekly earnings or £156.66.

Please see some rate details below:

Statutory Adoption Pay 2021-22 2022-23
Earnings threshold £120.00 £123.00
Standard rate £151.97 £156.66

 

Statutory Maternity Pay 2021-21 2022-23
Earnings Threshold £120.00 £123.00
Standard rate £151.97 £156.66

 

Statutory Paternity Pay 2021-21 2022-23
Earnings Threshold £120.00 £123.00
Standard rate £151.91 £156.66

 

Statutory Shared Parental Pay 2021-21      2022-23    
Earnings Threshold £120.00 £123.00
Standard rate £151.91 £156.66

 

Statutory Sick Pay         
2021-21 2022-23
Earnings Threshold £120.00 £123.00
Standard rate £96.35 £99.35

 

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Posted byDebbie ClarkeinParental Leave