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<p>Small employers, defined as those who have paid £45,000 or less in gross national
insurance in the preceding tax year, can recover all of the Statutory Maternity, Adoption,
Paternity and Shared Parental Pay they pay out plus an additional amount in compensation
for the employer’s share of the National Insurance Contributions (NICs) due on the
statutory payments.</p><br /><p>The current rate of compensation paid to small employers
is 3%. The Statutory Maternity Pay (Compensation of Employers) and Miscellaneous Amendment
Regulations 1994 set out how compensation is calculated and, in addition, require
it to be assessed annually which is done alongside the annual uprating of benefits.</p><br
/><p>The rate derived for Statutory Maternity Pay is also applied to Statutory Adoption,
Paternity and Shared Parental Pay.</p>
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