Current Statutory Payment Rates

 

Current Statutory Payment Rates

1

Statutory Sick Pay

2

Maternity/Paternity/Adoption Pay

3

National Minimum Wage

4

Statutory Redundancy Pay

5

Guaranteed Payments

6

National Insurance Contributions (NIC)

7

Employment Tribunal Awards

8

Redundancy Payments

1. Statutory Sick Pay (SSP)

April 2007

April 2008

Qualifying Pay for Statutory Sick Pay

(Average of last 8 weeks prior to sickness)

Greater than £87.00

per week

Greater than £90.00

per week

Weekly rate

£72.55

£75.40

Payment Period

28 weeks

28 Weeks


    

2. Maternity/Paternity/Adoption Pay

April 2007

April 2008

Paternity

Paid for one or two consecutive weeks at either SPP or 90% of normal weekly earnings (whichever is the lower).

Statutory Paternity Pay (SPP)

£112.75 per week

£117.18 per week

Adoption

Paid at the Statutory Rate for 39 weeks at either SAP or 90% of normal weekly earnings (whichever is the lower)

Statutory Adoption Pay (SAP)

£112.75 per week

£117.18 per week

Maternity

1st 6 weeks of SMP paid at 90% of normal weekly earnings.

For remaining 33 weeks SMP is paid at the lower of 90% of average weekly earnings, or

Statutory Maternity Pay (SMP)

£112.75 per week

£117.18 per week

Qualifying Pay for Statutory Maternity Pay

Greater than £87.00

per week

Greater than £90.00

per week


3. National Minimum Wage

October 2006

October 2007

October 2008

Age 16 and 17 years

£3.30 per hour

£3.40 per hour

£3.53 per hour

Age 18 to 21 years

£4.45 per hour

£4.60 per hour

£4.77 per hour

Age 22 years and over

£5.35 per hour

£5.52 per hour

£5.73 per hour

Accredited Training rate

(first 6 months)

£4.45 per hour

£4.60 per hour

No longer applicable

4. Statutory Redundancy Pay

2nd Feb 2007

2nd Feb 2008

Paid at lower of weekly rate or:

£310.00

£330.00



5. Guarantee Payment

2nd Feb 2007

2nd Feb 2008

Employment Rights Act 1996

Section 31(1) limit on guarantee payment in respect of any day

£19.60 per day

£20.40 per day



6. National Insurance Contributions (NIC)

2007 - 08

2008 - 09

Lower earnings limit Primary Class 1

£87.00 per week

£90.00 per week

7. Employment Tribunal Awards

Feb 2007

Feb 2008

Maximum basic award for unfair dismissal (30 weeks' pay)

£9,300

£9,900

Unfair dismissal (no discrimination) – Maximum award

£60,600.00

£63,000.00

Unfair dismissal – discrimination

unlimited

unlimited

Trade Union and Labour Relations (Consolidation) Act 1992

- Union rep excluded or expelled for union duties Section 174

£6,600.00

£6,900.00

Maximum award in breach of contract cases

£25,000

£25,000

8. Tax and NIC in respect of redundancy payments

There are two tax reliefs in respect of Redundancy Payments:

  • an exemption on redundancy payments of up to £30,000, from one job. If an employee is made redundant more than once (even if this occurs in a single tax year), the exemption applies separately to each redundancy - provided that the employers are not connected with each other
  • full or partial exemption from tax, if at some time during the job the employee was not living in the United Kingdom for tax purposes.

Employers should ask the local Tax Office for more information about these exemptions and confirm details before details are shared with the employee or any proposed payment is made.

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EEF Limited is the organisation for manufacturing, engineering and technology-based businesses. It is an employers association regulated under Part II of the Trade Union and Labour Relations (Consolidation) Act 1992 and a company limited by guarantee. EEF Limited is registered in England and Wales, registered no 05950172, and its registered office is Broadway House, Tothill Street, London, SW1H 9NQ

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