News article

New statutory payment rates for 2020-21

6 April 2020


New rate for statutory payments in force from 6 April 2020

Employers should be aware that from 6 April 2020 a number of statutory payment rates increase for the 2020-21 financial year. These include:

  • Statutory Maternity Pay, Statutory Paternity Pay, Statutory Shared Parental Pay and Statutory Adoption Pay all increase from £148.68 to £151.20
  • Statutory Sick Pay will increase from £94.25 to £95.85
  • Class 1 National Insurance lower earnings limit thresholds increase from:
    • £118 to £120 per week
    • £512 to £520 per month
    • £6,136 to £6,240 per year

Rates and thresholds for employers: 2020 to 2021.