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An early Christmas present for umbrella company contractors

An early Christmas present for umbrella company contractors

With Christmas just around the corner, it’s seems the Government have thrown themselves well and truly into the festive spirit.

Umbrella company contractors will be pleased to hear that the new rates for maternity, paternity, and statutory adoption pay will rise from £123.06 per week to £124.88 from 4 April 2010.

This is good news for those planning a baby, and particularly surprising given the fact that the official RPI for September was -1.4 per cent.

The new rates, which have just been announced by The Department for Work and Pensions (DWP), were published through a fairly low key press release. Indeed, several commentators believe that the changes have been so badly publicised, many small businesses will remain blissfully unaware of the announcement.

Steven Tucker, director of The Payroll Site, can’t believe the government was so poor at promoting it’s own positive news. “This will be really welcomed for many employees but the actual announcement was buried on page 13 on an attachment to a press release about pensions. I mean, why bother?”

Limited company contractors and contractor accountants are being advised to check their payroll software to ensure the new rates are set-up from next April.

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Image: Love, Actually by erin m

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