April has always been the month in which the majority of
statutory payment rates are amended, but the Government recently
decided that the annual uprating of a week's pay and the
maximum compensatory award for unfair dismissal, which historically
have occurred in February, should also be moved to April.
The old and new rates of the affected payments are set out
below.
Maximum amount of a week's
pay
1 February 2013 - 5 April 2014: £450
6 April 2014 - 5 April 2015:
£464
Unfair dismissal maximum
award
Dismissals 1 February 2013 - 5 April 2014: the lesser
of 52 weeks' basic pay and £74,200
Dismissals 6 April 2014 - 5 April 2015: the lesser of 52
weeks' basic pay and £76,574
Statutory maternity pay (prescribed rate),
statutory paternity pay and statutory adoption
pay
7 April 2013 - 5 April 2014: £136.78
From 6 April 2014: £138.18
Statutory sick pay
6 April 2014 - 5 April 2015: £87.55
6 April 2013 - 5 April 2014: £86.70
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
