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Reduction in the SMP small employer compensation rate
Friday, March 18th, 2011
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The necessary amendments have been made by new Regulations to reduce the SMP compensation rate for small employers from 4½% to 3% from 6 April 2011. The reduction applies to payments of SMP made on or after that date.
Further information:
The Statutory Maternity Pay (Compensation of Employers) Amendment Regulations 2011
