Statutory Benefit Payment Rates from 6th April 2023 for the 2023/24 Tax Year

Statutory Benefit Payment Rates from 6^th April 2023 for the 2023/24 Tax Year

Below are the details for the new rates of statutory benefits pay that employees will be entitled to from 6^th April 2023.

• Statutory Adoption Pay: £172.48 per week (or 90% of average weekly earnings – whichever is less)
• Statutory Maternity Pay: £172.48 per week (or 90% of average weekly earnings – whichever is less)
• Statutory Paternity Pay: £172.48 per week (or 90% of average weekly earnings – whichever is less)
• Shared Parental Leave: £172.48 per week (or 90% of average weekly earnings – whichever is less)
• Statutory Parental Bereavement Pay: £172.48 per week (or 90% of average weekly earnings– whichever is less)
• Statutory Sick Pay £109.40 per week.

An employee must be earning above the earnings threshold of £123.00 per week to qualify for statutory benefit payments, this threshold has not been changed from the 2022/23 tax year.

Employers should note that there are a range of ‘qualifying rules’ for some statutory benefits, so always check an employee’s eligibility with the payroll department, or HMRC website before confirming rates to an employee.

More detailed information is available on HMRC website.

Benefit and pension rates 2023 to 2024 – GOV.UK (www.gov.uk)

Calculate your employee’s statutory sick pay – GOV.UK (www.gov.uk)

Maternity, Adoption and paternity calculator for employers – GOV.UK (www.gov.uk)