17th December 2012

INFORMATION
UPDATE

 Issue No.  2012/20

 Sentient
              

 

NEW STATUTORY RATES

As usual at this time of year, we report on the announcement of changes to various statutory amounts.  

Nothing exciting I'm afraid ..... 

 

Current Rate

New Rate

Effective From

Guarantee Pay

£23.50

£24.20

01/02/13

The limit on the amount of a weeks pay for the purposes of calculating, among other things, statutory redundancy payments and the basic award for unfair dismissal

£430.00

£450.00

01/02/13

The maximum compensatory award for unfair dismissal

£72,300

£74,200

01/02/13

The minimum basic award in cases where the dismissal was unfair by virtue of health and safety, employee representative, trade union, or occupational pension trustee reasons

£5,300

£5,500

01/02/13

 

The following rates have not yet been confirmed but have been announced by the Department for Work and Pensions as proposals at this stage.

 

Current Rate

Proposed New Rate

Effective From

Statutory Maternity, Paternity, Additional Paternity, Adoption Pay and Maternity Allowance

£135.45

£136.78

Apr 2013 
(exact date TBA)

Statutory Sick Pay

£85.85

£86.70

Apr 2013
(exact date TBA)

Earnings threshold for SSP, SMP, SPP and SAP

£107.00

£109.00

Apr 2013
(exact date TBA)

Please feel free to contact us for clarification on any of the above.

 


 

 

 

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"capable of perception"

"capable of independent thought"

 

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