The rate for 2022/23 for statutory maternity (SMP), paternity (SPP), adoption (SAP), parental bereavement (SPBP) and shared parental pay (SShPP) is set to increase from £151.97 to £156.66 per week. Additionally, the rate of statutory sick pay (SSP) is also set to increase from £96.35 to £99.35 per week.
The average earnings an employee has to earn to be entitled to these payments is set to increase from £120 to £123; this will represent the first increase to this rate for two years.
Exact dates of implementation are yet to be confirmed, and it is worth noting that they do not all usually increase on the same date as each other. It is expected that SMP, SPP etc will increase on 3 April 2022 and SSP will increase on 6 April 2022.
Employers who have employees on sickness absence, or maternity leave etc, in the run up to April 2022, must remember to factor in the increases for these employees where their absence continues past the rate change date, as well as employees who go on sick leave, maternity leave etc. after the new rates are in place.