Changes to Statutory Rates from April 2014

As per standard practice the following statutory amounts will be raised from 06 April 2014:
 
1.    Statutory Sick Pay will increase from £86.70 per week to £87.55 per week
  
2.    Statutory Maternity, Paternity and Adoption pay will increase from £136.78 to £138.18 per week

3.    Lower Earning limit will increase from £109.00 to £111.00 per week

4.    Compensatory award for unfair dismissal will rise from £74,200 to £76,574

5.    Weekly limit for calculating compensatory and redundancy payments will increase from £450.00 to £464.00 per week
 

Published: 01 Apr 2014

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