Pay Rates – April 2017
The Government has published the statutory rates for sick pay, maternity pay, paternity pay, adoption pay and shared parental pay from April 2017.
- Sick pay: increase from £88.45 to £89.35 per week. This increase is expected to occur on 6 April 2017
- Maternity, paternity, shared parental and adoption pay: increase from £139.58 to £140.98 per week. This increase is expected to occur on 2 April 2017.
- Lower earnings limit: increase from £112 to £113 per week.
The rate increases reflect a 1% increase in the consumer price index (CPI) in the year to September 2016 and will be the first increases seen since April 2015. The new rates might still be subject to change. However, the government’s early publication of its proposed revised figures will allow employers and HR professionals to prepare budgets accordingly and to anticipate any necessary amendments to policies in advance.
For further information https://www.gov.uk/topic/business-tax/paye
Please contact our Payroll team email@example.com – 01904 464 100 for further advice. Or fill out our contact form below.