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 2018-2019Statutory Rates 2019-2020
Redundancy pay (SRP) £508 per week £525 per week
 Maternity pay (SMP) £145.18 per week £148.68 per week
 Paternity pay (SPP) £145.18 per week £148.68 per week
 Adoption pay (SAP) £145.18 per week £148.68 per week
 Sick pay (SSP) £92.05 per week £94.25 per week
 Lower Earnings Limit (LEL) £116 per week £118 per week

National Minimum Wage

 2018-192019-20
Ages 16-17  £4.20 £4.35
Ages 18-20  £5.90 £6.15
Ages 21-24 £7.38 £7.70
Age 25 + £7.83 £8.21

 

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.