HMRC have announced the proposed rates for certain statutory payments for 2009-10, although at they are still subject to Parliamentary approval in the New Year.
Lower Earnings Limit
The Lower Earnings limit for 2009-2010 is: Weekly £95 and Monthly £412
Statutory Sick Pay (SSP)
The weekly rate for days of sick absence commencing on or after, 6 April 2009 is £79.15.
SSP recovery under the Percentage Threshold Scheme (PTS)
There has been no change to the Percentage Threshold Scheme if you qualify under the scheme you can recover the whole of the amount by which your total SSP liability exceeds the 13 per cent of gross Class 1 National Insurance contributions (NICs) figure.
Statutory Maternity Pay (SMP)
The amount of SMP paid to an employee for payment weeks starting on or after Sunday 5 April 2009 is:
- first six weeks of payment - the earnings-related rate, which is 90 per cent of the employee's Average Weekly Earnings
- remaining weeks - the lesser of the standard rate which is £123.06 a week or the earnings-related rate, which is 90 per cent of the employee's Average Weekly Earnings
Statutory Paternity Pay (SPP) and Statutory Adoption Pay (SAP)
For payment weeks starting on or after, 5 April 2009 the weekly rate of SPP and SAP is the lesser of £123.06 or 90 per cent of the employee's average weekly earnings.
Amount employers are entitled to recover or apply for funding for
From 5 April 2009 employers who do not qualify for Small Employer's Relief (SER) can recover 92 per cent of the SMP/SPP/SAP paid to their employees.
Employers who do qualify for SER can recover 100 per cent of the SMP/SPP/SAP paid to their employees plus 4.5 per cent compensation.
For the 2009-2010 tax year a 'small employer' is an employer who paid (or was liable to pay) total gross Class 1 NICs of £45,000 or less in the individual employee's qualifying tax year. These are the same thresholds as last year.