The Government has announced changes to statutory paternity leave, which will come into effect in April 2024. These changes aim to provide greater flexibility for parents and ensure that they can properly bond with their new child ...
As an employer, it is important to stay informed about the changes to statutory paternity leave!
First and foremost, it is important to note that the changes to statutory paternity leave will only apply to England, Scotland, and Wales. They will not apply to Northern Ireland. The changes will also only affect leave taken for babies whose expected week of birth begins after the 6th of April 2024, and to children whose expected week of adoption is on or after the 6th of April 2024.
"These changes mean greater flexibility for parents!"
Under the new regulations, parents will have the option to take their leave in a more flexible manner. This means that they can take their leave in blocks, rather than one continuous period. For example, a father can take one week of leave when the baby is born, and then take another week at a later date. This allows for a more balanced approach to parenting and can help parents better manage their work and family life.
Another important change is the introduction of 'shared parental leave'. This will allow parents to share their leave entitlement between them. This means that both parents can take time off work to care for their child, rather than just the mother taking maternity leave. This change aims to promote gender equality in the workplace and give fathers the opportunity to bond with their child from the very beginning.
The new regulations also include an increase in the weekly rate of statutory paternity pay. Currently, eligible employees can receive £172.48 per week or 90% of their average weekly earnings (whichever is lower) during their paternity leave. However, from April 2024, this rate will increase to £184.03 per week.
As an employer, it is important to be aware of these changes and how they may affect your employees. It is also crucial to ensure that your company policies and procedures are updated to reflect the new regulations.
"This will help avoid any confusion or misunderstandings with your employees!"
These changes aim to provide greater flexibility for parents and promote gender equality in the workplace. These changes will come into effect in April 2024 and will apply to leave taken for babies born or adopted after this date.
As an employer, it is important to stay informed about the changes to statutory paternity leave and ensure that you are following the new regulations.
Until next time ...
ROGER EDDOWES Business Godparent
Would you like to know more?
If anything I've written in this blog post resonates with you and you'd like to discover more about the changes to Statutory Paternity Leave, it may be a great idea to call me on 01908 774320 and let's see how I can help you.
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Roger trained at Edward Thomas Peirson & Sons in Market Harborough before working at Hartwell & Co, followed by Chancery, as a partner. He started Essendon Accounts and Tax with Helen Beaumont in 2014 as a general practitioner with a hands-on approach.
Roger loves getting his hands dirty, working with emerging, small-to-medium and family businesses to ensure they receive the best possible accountancy advice. Roger utilises an extensive network of business contacts to leverage the best guidance and practical solutions.
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