Rates and Limits

Taking effect from 6 April 2015 the following changes will take place for statutory payments:

[fancy_table]
Date From: SMP, Paternity, SAP, MA & SHPP* SSP Redundancy
6th April 2014 £138.18 per week £87.55 per week £464.00 per week
(maximum weekly payment)
6th April 2015 £139.58 per week £88.45 per week £475.00 per week
(maximum weekly payment)
[/fancy_table]

*Key: SMP – Statutory Maternity Pay, SAP – Statutory Adoption Pay, MA – Maternity Allowance & SHPP – Shared Parental Pay

Lower Earnings Limit
This increases to £112.00 per week (from £111.00 per week).

Redundancy Pay
The maximum amount of statutory Redundancy pay increases from £13920.00 to £14250.00.

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