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The Chancellor of the Exchequer announced in his Autumn Statement that the following changes to the National Living Wage (NLW) and the National Minimum Wage (NMW) will come into effect on 1 April 2017:
New Rates of Statutory Pay for Parents
The rates for Statutory Maternity Pay (SMP), Statutory Paternity Pay (SPP), Statutory Shared Parental Pay (ShPP) and Statutory Adoption Pay (SAP) normally increase in April each year in line with the Consumer Price Index (CPI). However, a 0.1 per cent fall in the CPI in the year to September 2015 meant that the rates remained unchanged for the year commencing April 2016.
In the year to September 2016, the CPI increased by 1 per cent. Hence, the Chancellor of the Exchequer announced in his Autumn Statement that the rates will increase from £139.58 per week to £140.98 per week from April 2017.
Statutory Sick Pay
The weekly Statutory Sick Pay (SSP) rate for days of sickness absence will increase from £88.45 to £89.35.
In addition, the lower earnings limit applying to National Insurance Contributions, below which employees are not entitled to SMP, SPP, ShPP, SAP or SSP, will increase from £112 to £113 per week for the tax year 2017/2018.