Jan 2022
12
New Statutory Payment Rates for 2022-23
National Insurance rates and thresholds and Statutory Payment rates have been confirmed by HMRC for the 2022-23 tax year. The weekly earnings thresholds Lower Earnings Limit (LEL) will rise to £123. The first six weeks of Statutory Maternity Pay (SMP) and Statutory Adoption ay (SAP) will remain as 90% of the employee’s average weekly earnings. For week seven and the remaining weeks, the statutory weekly rate will be whichever is lower: 90% of the employee’s average weekly earnings or £156.66.
For Statutory Paternity Pay (SPP), Statutory Shared Parental Pay (ShPP) and Statutory Parental Bereavement Pay (SPBP) the payment will be whichever is lower: 90% of the employee’s average weekly earnings or £156.66.
Please see some rate details below:
| Statutory Adoption Pay | 2021-22 | 2022-23 |
| Earnings threshold | £120.00 | £123.00 |
| Standard rate | £151.97 | £156.66 |
| Statutory Maternity Pay | 2021-21 | 2022-23 |
| Earnings Threshold | £120.00 | £123.00 |
| Standard rate | £151.97 | £156.66 |
| Statutory Paternity Pay | 2021-21 | 2022-23 |
| Earnings Threshold | £120.00 | £123.00 |
| Standard rate | £151.91 | £156.66 |
| Statutory Shared Parental Pay | 2021-21 | 2022-23 |
| Earnings Threshold | £120.00 | £123.00 |
| Standard rate | £151.91 | £156.66 |
| Statutory Sick Pay |
2021-21 | 2022-23 |
| Earnings Threshold | £120.00 | £123.00 |
| Standard rate | £96.35 | £99.35 |
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