vap
chartered certified accountants
CLIENTS page
CLIENTS page
STATUTORY MATERNITY PAY & STATUTORY ADOPTION PAY |
2022/23 |
2021/22 |
Weekly rate for first 6 weeks |
90% of the employee’s average weekly earnings. |
90% of the employee’s average weekly earnings. |
Weekly rate for remaining 33 weeks |
Lower of £156.66 per week or 90% of the employee’s average weekly earnings. |
Lower of £151.97 per week or 90% of the employee’s average weekly earnings. |
ORDINARY STATUTORY PATERNITY PAY |
2022/23 |
2021/22 |
Weekly rate If 2 weeks leave taken, they must be taken together |
1 or 2 weeks - Lower of £156.66 per week or 90% of the employee’s average weekly earnings. |
1 or 2 weeks - Lower of £151.97 per week or 90% of the employee’s average weekly earnings. |
RECOVERY OF STATUTORY PAYMENTS FOR EMPLOYERS |
2022/23 |
2021/22 |
Proportion of the statutory payments of Statutory Maternity Pay/Statutory Paternity Pay/Statutory Adoption Pay an employer can recover from HMRC |
103% of the payments if the total Class 1 NICs (both employee and employer contributions) were below £45,000 for the previous tax year. |
103% of the payments if the total Class 1 NICs (both employee and employer contributions) were below £45,000 for the previous tax year. |
92% of the payments if the total Class 1 NICs (both employee and employer contributions) were above £45,000 for the previous tax year. |
92% of the payments if the total Class 1 NICs (both employee and employer contributions) were above £45,000 for the previous tax year. | |
Proportion of SSP an employer can recover from HMRC - Nil (as this was withdrawn from April 2014), unless Covid related. |
STATUTORY SICK PAY |
2022/23 |
Notes |
Weekly rate |
£99.35 |
Daily rate to pay an employee (the daily rate) depends on the number of qualifying days they work each week. E.g. If an employee is first sick for 1 week from Sunday to Friday, the QDs days in that week are Monday to Friday - 5 days. The first 3 QDs are waiting days and SSP is not payable for those days, so only pay SSP for Thursday and Friday. Therefore, daily rate £19.87 x 2 days = £39.74 = SSP for that week. |
Daily rate - 1 qualifying day in week |
£99.35 | |
Daily rate - 2 qualifying days in week |
£49.68 | |
Daily rate - 3 qualifying days in week |
£33.12 | |
Daily rate - 4 qualifying days in week |
£24.84 | |
Daily rate - 5 qualifying days in week |
£19.87 | |
Daily rate - 6 qualifying days in week |
£16.56 | |
Daily rate - 7 qualifying days in week |
£14.20 |
STUDENT LOAN DEDUCTIONS |
2022/23 |
2021/22 |
Notes | |
PLAN 1 - loans taken out before 1.9.2012 Earnings threshold at which repayment of student loan begins |
per week per month per year |
£388.36 £1,682.91 £20,195 |
£382.59 £1,657.91 £19,895 |
From 2016/17 the rate of student loan deduction depends on whether it is PLAN 1 or PLAN 2.The rate of student loan deductions is 9% above the threshold. e.g. PLAN 1 student earning £25,000 per year (£2,083 p.m.) in 2022/23 has a deduction of £25,000-£20,195 = £4,805 x 9% = £432.45 per year (£36.04 per mth).Postgraduate loans have different rates and thresholds. |
PLAN 2 - loans taken out after 1.9.2012 Earnings threshold at which repayment of student loan begins |
per week per month per year |
£524.90 £2,274.58 £27,295 |
£524.90 £2,274.58 £27,295 | |
PLAN 4 - (SLP4) applies to loans taken out by Scottish students from the Students Awards Agency Scotland |
per week per month per year |
£487.98 £2,114.58 £25,375 |
£480.76 £2,083.33 £25,000 |