Statutory payment recovery rates for 2015-2016
15 December 2014
The statutory payment recovery rates and NIC threshold for 2015-2016 have now been confirmed.
The Department for Work and Pensions (DWP) has confirmed that the statutory payment recovery rates and NIC threshold will remain the same for 2015-2016:
92% if the total Class 1 NICs (both employee and employer contributions) are above £45,000 for the previous tax year, 100% plus an additional 3% (NIC compensation rate) if the total Class 1 NICs for the previous tax year are £45,000 or lower.
Online government calculator launched to help employees work out leave and pay entitlements
22 December 2014
Employers and their agents and bureaux will want to be aware of a new official online calculator for employees who are to become parents to calculate their leave and pay entitlements.
The new calculator is intended to set out for an employee their rights to maternity, paternity or shared parental leave, and how much pay they can get if they take leave.
Statutory payment rates for 2015-16
6 January 2015
If readers who need the new statutory payment rates and thresholds have not yet located them, we repeat them below.
We apologise that confirmation of the statutory payment figures was overlooked in the flurry of announcements on Autumn Statement day. The proposed thresholds and rates are set out below:
2014-15
2015-16
STATUTORY ADOPTION PAY Earnings threshold
111.00 138.18
112.00 139.58
Standard Rate
STATUTORY MATERNITY PAY Earnings threshold
111.00 138.18
112.00 139.58
Standard rate
STATUTORY PATERNITY PAY Earnings threshold
111.00 138.18 138.18
112.00 139.58 139.58
Standard Rate
Additional statutory paternity pay
STATUTORY SHARED PARENTAL PAY Earnings threshold
111.00 138.18
112.00 139.58
Standard rate
CIPP Policy News Journal
08/04/2015, Page 480 of 521
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