Average gap between earnings and statutory sick pay has increased by over £375 per month, survey shows
Since 2016, statutory sick pay (SSP) has risen by just £25.14, from £383.28 to £408.42 per month, which is behind inflation. This means the average worker relying on state benefits would be left with a shortfall of over £1,540 each month, compared with a monthly shortfall of £1,164 in 2016, research by Cirencester Friendly has suggested. This pay gap is compounded by reduced contractual sick pay which has fallen dramatically from an average of 15.7 weeks in 2016 to under 4.5 weeks this year....
Short-term and long-term income protection
Among other initiatives
Adam Higgs assesses the IP options available to renters
Up on last year’s figure