Statutory rates set to rise

THE rate of statutory maternity, paternity, adoption and shared parental pay is set to increase at the beginning of next month.

Commencing on or after 2 April, the weekly rate will increase from £139.58 to £140.98 (or 90 per cent of the employee’s average weekly earnings if this figure is less than the statutory rate).

The weekly rate of statutory sick pay will also increase from £88.45 to £89.35 from 6 April.