The Statutory Payment Rates for tax year 2023/2024 have been increased by 10.1%.
Statutory Maternity Pay (SMP), Statutory Paternity Pay (SPP), Statutory Adoption Pay (SAP), Statutory Bereavement Pay (SPBP) and Shared Parental Pay (ShPP) will come into effect from 2 April 2023.
Statutory Sick Pay (SSP) is set to increase from 6 April 2023.
The new weekly rates are as follows:
SMP, SAP, SPP, ShPP, SPBP will rise from £156.66 to £172.48 with effect from 2 April 2023
SSP will increase from £99.35 to £109.40 with effect from 6 April 2023