STATUTORY MATERNITY PAY & STATUTORY ADOPTION PAY

2024/25

2022/23

Weekly rate for first 6 weeks

90% of the employee’s average weekly earnings.

90% of the employee’s average weekly earnings.

Weekly rate for remaining 33 weeks

Lower of  £184.03 per week or 90% of the employee’s average weekly earnings.

Lower of  £172.48 per week or 90% of the employee’s average weekly earnings.  

ORDINARY STATUTORY PATERNITY PAY

2024/25

2023/24

Weekly rate

If 2 weeks leave taken, they must be taken together

1 or 2 weeks - Lower of  £184.03 per week or 90% of the employee’s average weekly earnings.

1 or 2 weeks - Lower of  £172.48 per week or 90% of the employee’s average weekly earnings.

RECOVERY OF STATUTORY PAYMENTS FOR EMPLOYERS

2024/25

2023/24

Proportion of  the statutory payments of Statutory Maternity Pay/Statutory Paternity Pay/Statutory Adoption Pay an employer can recover from HMRC

103% of the payments if the total Class 1 NICs (both employee and employer contributions) were below £45,000 for the previous tax year.

103% of the payments if the total Class 1 NICs (both employee and employer contributions) were below £45,000 for the previous tax year.

92% of the payments if the total Class 1 NICs (both employee and employer contributions) were above £45,000 for the previous tax year.

92% of the payments if the total Class 1 NICs (both employee and employer contributions) were above £45,000 for the previous tax year.

Proportion of SSP an employer can  recover from HMRC  - Nil (as this was withdrawn from April 2014), unless Covid related.

STATUTORY SICK PAY

2024/25

Notes

Weekly rate

£116.75

Daily rate to pay an employee (the daily rate) depends on the number of qualifying days they work each week.

E.g.  If an employee is first sick for 1 week from Sunday to Friday, the QDs days in that week are Monday to Friday - 5 days. The first 3 QDs are waiting days and SSP is not payable for those days, so only pay SSP for Thursday and Friday. Therefore, daily rate £23.35 x 2 days = £46.70 = SSP for that week.

Daily rate - 1 qualifying day in week

£116.75

Daily rate - 2 qualifying days in week

£58.37

Daily rate - 3 qualifying days in week

£38.92

Daily rate - 4 qualifying days in week

£29.19

Daily rate - 5 qualifying days in week

£23.35

Daily rate - 6 qualifying days in week

£19.46

Daily rate - 7 qualifying days in week

£16.68

STUDENT LOAN DEDUCTIONS

2024/25

2023/24

Notes

PLAN 1 - loans taken out before 1.9.2012

Earnings threshold at which repayment of student loan begins

per week

per month per year

£480.57

£2,082.50

£24,990

£423.36

£1,834.58

£22,015

From 2016/17 the rate of student loan deduction depends on whether it is PLAN 1 or PLAN 2.The rate of student loan deductions is 9% above the threshold. e.g. PLAN 1 student earning £25,000 per year (£2,083 p.m.) in 2023/24 has a deduction of £25,000-£22,015 = £2,985 x 9% = £268.65 per year (£22.39 per mth).Postgraduate loans have different rates and thresholds.

PLAN 2 - loans taken out after 1.9.2012

Earnings threshold at which repayment of student loan begins

per week

per month per year

£524.90

£2,274.58

£27,295

£524.90

£2,274.58

£27,295

PLAN 4 - (SLP4) applies to loans taken out by Scottish students from the Students Awards Agency Scotland

per week

per month per year

£603.75

£2,616.25

£31,395

£531.92

£2,305

£27,660