Some useful rates

Including benefits, SMP, National Minimum Wage etc.

Weekly Benefit 2017/18 2016/17
Basic Retirement Pension
Single person £122.30 £119.30
Couple £195.60 £190.80
Pension Credit standard minimum guarantee
Single person £159.35 £155.60
Couple £243.25 £237.55
New State Pension
Single person £159.55 £155.65
Child Benefit
First eligible child £20.70 £20.70
Each subsequent child £13.70 £13.70
Statutory Sick Pay (SSP)
Average weekly earnings £113 or over (2016/17 £112) £89.35 £88.45
Statutory Maternity Pay (SMP)
90% of average weekly pay First 6 weeks
Lower of £140.98 (2016/17 £139.58) or 90% average weekly earnings Next 33 weeks
Minimum rate £101.70 £100.80
Statutory Adoption Pay (SAP)
Lower of £140.98 (2016/17 £139.58) or 90% average weekly earnings 39 weeks
Statutory Paternity Pay (SPP)
Lower of £140.98 (2016/17 £139.58) or 90% average weekly earnings 2 weeks
Shared Parental Pay
Lower of £140.98 (2016/17 £139.58) or 90% average weekly earnings Up to 37 weeks, depending on mother's unused SMP period
Jobseeker's Allowance
Single person (25 or over) £73.10 £73.10
Couple (both 18 or over) £114.85 £114.85

National Living Wage

Age From 1 April 2017 From 1 April 2016
25 and over £7.50 £7.20

National Minimum Wage

Age From 1 April 2017 From 1 Oct 2016
21 - 24 £7.05 £6.95
18 - 20 £5.60 £5.55
16 and 17 £4.05 £4.00
Apprentices* £3.50 £3.40

* Rate applies to apprentices under 19, or those 19 and over in the first year of apprenticeship.

Universal Credit (monthly rates) 2017/18 2016/17
Single person (25 or over) £317.82 £317.82
Couple (where one or both 25 or over) £498.89 £498.89

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About us

Ling Phipp was founded in 1974 and nowadays has two partners, five managers plus trainees and support staff.

We serve clients in the East Midlands and all over the UK. Our out-of-town location, with easy parking, close to the M1 junction 25 (Nottingham/Derby - A52), is very convenient.

Company details

0115 949 6838

Ling Phipp, Cliffe Hill House, 22-26 Nottingham Road, Stapleford, Nottingham NG9 8AA


© 2018 Ling Phipp. All rights reserved. We use cookies on this website, you can find more information about cookies here.

Registered to carry on audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Details about our audit registration can be viewed at www.auditregister.org.uk, under reference number 6424855. This is the firm number provided by the Institute of Chartered Accountants in England and Wales.