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New Statutory Maternity, Paternity etc. Rates Announced for 2023-24
12 January 2023
The Department for Work and Pensions (DWP) has released the 2023/24 rates for statutory adoption (SAP), maternity (SMP), paternity (SPP), shared paternity (ShPP), parental bereavement (SPBP) and sick pay (SSP) in its ‘Benefit and Pension Rates 2023 to 2034’ policy paper.
Rates for SMP, SPP, SAP, ShPP, and SPBP will be effective from 2 April, while SSP will apply from 6 April. The new rates can be found in the table below.
| Rates 2022/23 (£) | Rates 2023/24 (£) | |
|---|---|---|
| Statutory Adoption Pay (SAP) | ||
| Earnings threshold | 123.00 | 123.00 |
| Standard Rate | 156.66 | 172.48 |
| Statutory Maternity Pay (SMP) | ||
| Earnings threshold | 123.00 | 123.00 |
| Standard Rate | 156.66 | 172.48 |
| Statutory Paternity Pay (SPP) | ||
| Earnings threshold | 123.00 | 123.00 |
| Standard Rate | 156.66 | 172.48 |
| Statutory Shared Paternity Pay (ShPP) | ||
| Earnings threshold | 123.00 | 123.00 |
| Standard Rate | 156.66 | 172.48 |
| Statutory Parental Bereavement Pay (SPBP) | ||
| Earnings threshold | 123.00 | 123.00 |
| Standard Rate | 156.66 | 172.48 |
| Statutory Sick Pay (SSP) | ||
| Earnings threshold | 123.00 | 123.00 |
| Standard Rate | 99.35 | 109.4 |
For any payroll related questions, please contact our team on 0161 767 1213. We are here to help.
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