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The statutory payments (National Insurance rates and thresholds and Statutory Payment rates) have been confirmed and published by HMRC for the 24/25 Tax year.
The Lower Earnings Limit (LEL) remains at £123 per week.
The first six weeks of Statutory Maternity Pay (SMP) and Statutory Adoption pay (SAP) will remain as 90% of the employee’s average weekly earnings.
From week seven - thirty nine , the statutory weekly rate will be 90% of the employee’s average weekly earnings or £184.03, whichever is lower.
For Statutory Paternity Pay (SPP), Statutory Shared Parental Pay (ShPP) and Statutory Parental Bereavement Pay (SPBP) the payment will be 90% of the employee’s average weekly earnings or £184.03, whichever is lower.
National Minimum Wage Bands | 2024/25 Rates |
Aged 23 and over (National Living Wage) | £11.44 |
Age 21-22 | £11.44 |
Age 18-20 | £8.60 |
Apprentice | £6.40 |
Under 18 | £6.40 |
Statutory Adoption / Maternity / Shared Parental Leave / Parental Bereavement Pay | 2024-25 Rates |
Earnings threshold | £123 |
Standard rate | £184.03 per week or 90% of average weekly earnings (whichever is lower) |
Higher rate for Statutory Adoption / Maternity | 90% of average weekly earnings |
The Small Employers Compensation Rate remains at 3% (on payments made on or after 6th April 2011). The Small Employers Relief (SER) Threshold is £45,000.
Statutory Sick Pay | 2024-25 Rates |
Earnings threshold | £123 |
Standard rate | £116.75 |