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Statutory Rate Changes

1/4/2007

Statutory Maternity Pay, Statutory Paternity Pay and Statutory Adoption Pay increases from £108.85 per week to £112.75 per week.

Statutory Sickness Pay increases from £70.05 per week to £72.55 per week.The earnings threshold for these payments will rise from £84 per week to £87 per week.In addition to this:The annual allowance for saving into a pension has risen from £215,000 to £225,000 with an increase in the lifetime allowance from £1.5m to £1.6m.Finally the right to request flexible working has been extended to eligible employees who care for an adult, in addition to those who care for a child.Ref:beprofessional.com





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