Michael Paul Accountants Northamptonshire – Changes to Statutory Payment Rates
Paul from Michael Paul Accountants Northamptonshire lists the proposed changes to the Statutory Payment Rates.
The Department for Work and Pensions have announced the proposed statutory weekly payment rates for 2012-13 will be:
- Statutory Maternity Pay (SMP)- £135.45
- Ordinary Statutory Paternity Pay - £135.45
- Additional Statutory Paternity Pay – £135.45
- Statutory Adoption Pay (SAP) – £135.45
- Statutory Sick Pay (SSP) – £85.85
For employees earning £107.00 or more per week, the above rate of SMP and SAP will apply for complete weeks commencing on or after 1 April 2012, for SSP this will apply from 6 April 2012.
If you need advice on Statutory Payment rates or any other accounting or taxation issues please don’t hesitate to contact us. We are located in the Northamptonshire village of Lamport. This location means that from Michael Paul Accountants Kettering, Northampton and Market Harborough are all within easy reach.
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