Statutory rates

Statutory rates are rates of payment paid and regulated by the UK government. Many of these payments are updated annually. The following table has the current statutory rates for a number of benefits and regulations.

 Statutory Rates 2016-17Statutory Rates 2017-18
Redundancy pay (SRP) £479 per week £489 per week
 Maternity pay (SMP) £139.58 per week £140.98 per week
 Paternity pay (SPP) £139.58 per week £140.98 per week
 Adoption pay (SAP) £139.58 per week £140.98 per week
 Sick pay (SSP) £88.45 per week £89.35 per week
 Lower Earnings Limit (LEL) £112 per week £113 per week

National Minimum Wage

 2016-172017-18
Ages 16-17  £3.87 £4.05
Ages 18-20  £5.30 £5.60
 Ages 21+ £7.20 £7.50

Tier 2 (General) Certificate of Sponsorship

The Tier 2 CoS currently costs £199.  This cost is normally picked up by the College/Service, whereas the cost of the visa should be picked up by the person.

Tier 5 (Government Authorised Exchange)

The Tier 5 CoS currently costs £21.  This cost is normally picked up by the College/Service, whereas the cost of the visa should be picked up by the person.