STATUTORY MATERNITY PAY & STATUTORY ADOPTION PAY

2018/19

2017/18

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 weeks

Next 33 weeks - Lower of  £145.18 per week or 90% of the employee’s average weekly earnings.

Next 33 weeks - Lower of  £140.98 per week or 90% of the employee’s average weekly earnings.  

ORDINARY STATUTORY PATERNITY PAY

2018/19

2017/18

Weekly rate

If 2 weeks leave taken, they must be taken together

1 or 2 weeks - Lower of  £145.18 per week or 90% of the employee’s average weekly earnings.

1 or 2 weeks - Lower of  £140.98 per week or 90% of the employee’s average weekly earnings.

RECOVERY OF STATUTORY PAYMENTS FOR EMPLOYERS

2018/19

2017/18

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Proportion of SSP an employer can  recover from HMRC  - Nil as this was withdrawn from April 2014

STATUTORY SICK PAY

2018/19

Notes

Weekly rate

£92.05

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 £18.41 x 2 days = £36.82 = SSP for that week.

Daily rate - 1 qualifying day in week

£92.05

Daily rate - 2 qualifying days in week

£46.03

Daily rate - 3 qualifying days in week

£30.69

Daily rate - 4 qualifying days in week

£23.02

Daily rate - 5 qualifying days in week

£18.41

Daily rate - 6 qualifying days in week

£15.35

Daily rate - 7 qualifying days in week

£13.15

STUDENT LOAN DEDUCTIONS

2018/19

2017/18

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

£352.50

£1,527.50

£18,330

£341

£1,481

£17,775

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 £20,000 per year (£1,667 p.m.) in 2018/19 has a deduction of £20,000-£18,330 = £1,670 x 9% = £150.30 per year (£12.52 per mth).Interest rate on Plan 2 is dependent on income.

PLAN 2 - loans taken out after 1.9.2012

Earnings threshold at which repayment of student loan begins

per week

per month per year

£480.76

£2,083.33

£25,000

£403

£1,750

£21,000