Nov 2016
30
New Proposed Statutory Payment Rates Announced for 2017-18
For the new tax year 2017-18, the Department for Work and Pensions have published the proposed statutory payment rates for benefits and pensions. The recovery amounts have not been published yet. Here is a link to the full list published - https://www.gov.uk/government/publications/proposed-benefit-and-pension-rates-2017-to-2018.
Please see some rates details below:
| 2016-17 | 2017-18 | |
| SAP, SMP, SPP, SSPP | ||
| Earnings threshold | £112.00 | £113.00 |
| Standard Rate | £139.58 | £140.98 |
| SSP | ||
| Earnings threshold | £112.00 | £113.00 |
| Standard Rate | £88.45 | £89.35 |
