Statutory Payments for the 2015/16 Tax Year
| Statutory Sick Pay (SSP) | 2015/2016 |
| Minimum weekly earnings to qualify | £112.00 |
| Weekly rate of SSP | £88.45 |
SMP is now paid for up to 39 weeks within this period an employee may have 10 keep in touch days (KIT) which will not effect the payment of SMP
| Ordinary Statutory Paternity Pay (OSPP) | |
| Minimum weekly earnings | £112.00 |
| Weekly rate for up to 2 weeks | is the lesser of £139.58 or 90% of average weekly earnings |
| Statutory Adoption Pay (SAP) | |
| Minimum weekly earnings | £112.00 |
| Weekly rate for up to 39 weeks | Is now in line with SMP |
All employers are entitled to recover 92% of the SMP/OSPP/SAP they pay.
If you qualify for Small Employers Relief (annual liability for National Insurance less than £45,000) you are entitled to recover 100% of the SMP/SPP/SAP you pay plus 3% for payments made after 6th April 2014.
Statutory Redundany Pay
The statutory redundancy rate is £475.00 maximum per week
You can also visit the HMRC website for more details.
