Following the government policy paper published in December 2020 announcing the proposed new rates for statutory maternity pay (SMP), statutory adoption pay (SAP), statutory paternity pay (SPP), statutory shared parental pay (ShPP), statutory parental bereavement pay (SPBP) and statutory sick pay (SSP) for tax year 2021/22, the government has now published the draft Social Security Benefits Up-rating Order 2021 which confirms the figures.
The standard weekly rates of SMP, SAP, SPP, ShPP and SPBP will increase from £151.20 to £151.97 from 4 April 2021 and the weekly rate of SSP will increase from £95.85 to £96.35 from 6 April 2021.
The draft Social Security (Contributions) (Rates, Limits and Thresholds Amendments and National Insurance Funds Payments) Regulations 2021 confirm that the lower earnings limit, below which employees are not entitled to SMP, SAP, SPP, ShPP, SPBP and SSP, will remain at £120.00 per week from 6 April 2021.
Source: Informanagement