Statutory rates increase from 6 April 2014

29 June 2014
Statutory rates increase from 6 April 2014

From April 2014, employers see increases to statutory maternity, paternity, adoption, sick and redundancy pay. Here we summarise the new rates.

Statutory maternity, paternity and adoption pay 
From 6 April 2014, the new rate is £138.18 per week (increased from £136.78).

Statutory sick pay
This increases to £87.55 per week (previously the rate was £86.70 per week).

Statutory redundancy pay
The limit on a week's pay, for the purposes of calculating statutory redundancy pay, increases from £450 per week, to £464 per week, effective 6 April 2014.

The maximum compensatory award for unfair dismissal also increases from 6 April 2014. See previous post

Actions for employers

  • Payments made after 6 April 2014 will need to be in line with the new rates.
  • Organisational policies, forms and templates may require updating.

For further information, see the maternity, paternity, adoption, absence and redundancy sections of HRBird.

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