Statutory Sick Pay (SSP)
Payment from your employer if you're off sick for 4+ days, currently £116.75 per week for up to 28 weeks.
Key Points
- ✓Key aspect of the UK benefits system
- ✓Understanding this helps optimize your tax position
- ✓Use Calcedia calculators to see the impact on your finances
- ✓Consult HMRC guidance for official information
Detailed Explanation
Statutory Sick Pay (SSP) is an important concept in the UK benefits system. Understanding it helps you better manage your finances, optimize your tax position, and make informed decisions about your employment and benefits.
This term relates to how government support is provided.
For a more comprehensive understanding of how this affects your specific situation, consider using our free UK salary calculator to see the real impact on your take-home pay.
Practical Examples
- •Use our take-home pay calculator to see how statutory sick pay (ssp) affects your salary directly.
- •The exact impact depends on your personal circumstances including your income level, tax code, and other factors.
Frequently Asked Questions
Related Terms
Child Benefit
A payment to help with the costs of raising a child, which may be subject to the High Income Child Benefit Charge if you earn over £60,000.
High Income Child Benefit Charge
A tax charge that claws back Child Benefit if you or your partner earn over £60,000, fully withdrawn at £80,000.
Universal Credit
A means-tested benefit that replaces six older benefits, providing financial support for those on low income or out of work.