18-12-2020
The Department of Work and Pensions have released the 2020/21 rates for Pensions and Benefits on the government website.
This includes numerous changes and increases, however for payroll the two most important, regularly used areas are sickness and statutory payments. As such, the report confirms statutory payments for parental leave such as SMP, SAP, SPBP, ShPP will be £151.97 per week while Statutory Sick Pay will be set at £96.35.
More details can be found here.
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