Alongside a number of updates from HMRC recently, firstly in line with budget announcements from the government but also as updates for the 2022/23 tax year changes, we have this week from HMRC received confirmation of one of the last outstanding items in respect of Statutory Payments for absence from work in a number of situations.
The specific rules for schemes such as parental pay and sickness remain the same including COVID-19 related absence although these are due for review and change at the end of March. It has been confirmed however, that from April 2022 the rate for parental payments such as maternity and adoption will increase from the current rate of £151.97 to £156.66 or 90% of the AWE whichever the lower. This will therefore increase the rate of SMP, SAP, ShPP, SPP and SPBP and commence on the first Sunday in April, the 3rd.
SSP Weekly rates for sickness will also increase but from the 6th of April from the current £96.35 to £99.35.
