What is Statutory sick pay? 

Statutory sick pay (SSP) is a legal requirement in the UK which employers must adhere to, it provides financial support to employees when they are unable to work due to illness. If employees are off work for 4 consecutive days, employers must comply with SSP. 

What is the purpose of SSP? 

SSP is crucial to employees as it provides financial security and prevents job loss during illness. Employees will still receive the minimum level of income available whilst they are away sick, meaning they won’t have to worry about their finances or force themselves into the workforce.  

Complying with SSP also creates a healthier workplace for staff where they can reduce the spread of illness and be assured, they have the freedom to recover. This contributes to a more productive and longer-lasting workforce in the long term.  

How much is SSP? 

You will be paid for all the working days you are off sick, except the first 3 working days which are counted as the waiting period. 

If you are eligible, you can be paid £166.75 a week SSP for up to 28 weeks of the year. 

You will be paid by your employer through the same system as your normal weekly or monthly pay. If you have multiple jobs, you may get SSP from each one.  

SSP eligibility  

SSP is available to those working in the UK under a signed contract. Employees are eligible for 28 weeks of SSP, if you have used this amount already, you will not be provided extra.  

You must be ill for at least 3 days or more, this does include non-working days.  

You must inform your employer within their set time or within 7 days if there is no set regulation on this.  

You could be asked to provide an appropriate fit note to show proof of illness. This can include a printed or digital note from the GP, registered nurse, physiotherapist, occupational therapist or pharmacists.  

What if my employer is not providing SSP? 

As an employee, you are protected by law and employers who fail to meet SSP obligations could face penalties. If your employer is not providing Statutory Sick Pay and you believe you are entitled to it, then there are steps you can take.  

First, take a look at the criteria again to confirm you are eligible for SSP, then raise the issue with your employer to ask for an explanation. If they do not resolve this themselves then you can contact HMRC for assisstance. They will investigate the situation and if your employer is in breach of their legal obligations HMRC will help you get the SSP you are owed. 

SSP VS. Company sick pay 

While SSP can provide the minimum level of financial support for those unable to work due to illness, some employers will offer a more generous alternative, company sick pay.  

SSP is regulated by the government and there is a set amount which has to be paid to the employee if the criteria is met. However, company sick pay is a benefit offered by the individual business. This will usually cover the employee’s full salary or a higher percentage of their wages for a longer period than the SSP. The employee could receive their full salary for the first 2 weeks of illness, followed by a reduced percentage for any weeks after. 

This should be outlined in your work contract as company sick pay is an optional scheme set up by the employee.  

Recent updates to SSP 

The BBC have reported that stronger protection for employees surrounding sick pay will be coming into action. There have been calls over the past year to increase the current SSP rate as costs of living increase. This would better support those workers living in periods of sickness without financial support. This would also include those working on a zero-hour contract as the criteria stipulates you must earn at least £123 per week.  

The government is working to improve standards including workers being entitled to SSP from their first day of sickness rather than waiting until the 4th. Additionally, they are aiming to increase the SSP rate dependent on salary. 

Ministers have said this would benefit some nine million workers who have been with their current employer for less than two years.  

FIVE major banking changes are coming before the end of the year including account fee increases and savings rates dropping.

Lloyds is pulling its £200 free cash switching offer in December and M&S is making some big credit card changes next month.

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Meanwhile, Nationwide is lowering interest rates on a number of its savings accounts while upping the fee for one of its packaged bank accounts.

Here are all the key changes you need to know about, and what they mean for you.

Lloyds free £200 cash switch offer ending

Lloyds launched its latest switching offer last month, offering new and existing customers up to £200 free cash.

You just have to open a Club Lloyds account and the money will be paid within three days of completing the switch.

There is a £3 monthly fee to maintain the account, however this is waived if you pay in £2,000 or more each month.

The Club Lloyds account also opens up a host of other perks, including a 12-month Disney+ subscription, Odeon or Vue tickets and a magazine subscription.

Anyone looking to snap up the cash bonus will have to act soon though – Lloyds said customers have to switch between October 2 and December 10.

Nationwide Flex Plus account charge

Nationwide is hiking the fee on its popular FlexPlus packaged bank account from December.

The account comes with a number of perks including worldwide travel insurance, breakdown cover and preferential rates on loans and overdrafts.

It also comes with mobile phone insurance and account holders can use their debit card abroad without having to pay non-sterling transaction fees.

Currently, FlexPlus customers pay £13 a month or £156 a year for the benefits.

However, from December 1, the FlexPlus monthly fee will rise by £5 a month to £18 a month – or £216 a year.

This represents a £60 a year increase compared to the current fee charged for the product.

Nationwide cutting savings rates

Nationwide is cutting interest rates on a host of its savings account from next month.

The building society is slashing rates across the board after the Bank of England dropped the base rate from 5.25% to 5% in August.

The base rate is the rate charged to high street banks which is then reflected in mortgage and savings rates.

Nationwide has said it will cut rates on 24 of its savings accounts by up to 0.20 percentage points.

Tom Riley, Nationwide’s director of retail products, said the building society had “worked hard to limit the impact of the recent rate cut on our savers”.

Base rate (predicted) to fall

Economists are predicting the BoE will cut the base rate at its next meeting in November.

The Monetary Policy Committee (MPC), which sets the base rate, will also meet in December.

The BoE cut interest rates to 5% in August for the first time since 2020 but has held them steady since.

However, with inflation being held in check, Governor of the BoE Andrew Bailey has hinted it could be “more aggressive” in cutting rates.

Any drop in the base rate spells good news for mortgage holders who will see home loan rates fall.

However, it also leads to interest rates on savings accounts falling.

M&S credit card changes

M&S Bank is shaking up its Club Rewards scheme for credit card holders within weeks.

The scheme charges customers £10 a month and opens up a host of perks including free next-day delivery and rewards points earned when using your credit card abroad.

But from November 13 these perks will be ditched and instead customers will be issued more M&S vouchers.

In an email sent to customers on October 10, M&S said it was increasing the amount of vouchers shoppers get from £65 to £120 a year following customer feedback.

Customers will also continue to earn two rewards points for every £1 spent, it said.

How do I switch bank accounts?

SWITCHING bank accounts is a simple process and can usually be done through the Current Account Switch Service (CASS).

Dozens of high street banks and building societies are signed up – there’s a full list on CASS’ website.

Under the switching service, swapping banks should take seven working days.

You don’t have to remember to move direct debits across when moving, as this is done for you.

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All you have to do is apply for the new account you want, and the new bank will tell your existing one you’re moving.

There are a few things you can do before switching though, including choosing your switch date and transferring any old bank statements to your new account.

You should get in touch with your existing bank for any old statements.

When switching current accounts, consider what other perks might come with joining a specific bank or building society.

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Some banks offer 0% overdrafts up to a certain limit, and others might offer better rates on savings accounts.

And some banks offer free travel or mobile phone insurance with their current accounts – but these accounts might come with a monthly fee.

Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.

Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories

FED-UP locals living in a new build “ghost town” have slammed developers that left them without a high street.

There is no post office, no newsagent, no greengrocers and no convenience store in Cambourne, a few miles from Cambridge.

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And although bus stop signs were erected in West Cambourne, no buses ever stop there.

The second pub locals were promised never materialised either.

Instead, most of the High Street is just an open space covered in grass, with a café, building society and a Turkish barbers at one end and few houses clustered at the other.

Now instead of the shops planned when work began in the 1990s, there are proposals to build another 30 townhouses and 87 flats there.

“It’s sh*t,” said one angry man out walking with his young daughter at the weekend. “Absolute sh*t.

“They just want to make money by building more houses and forget about amenities for the people who live here.”

Danny Dove, 78, sat enjoying a beer outside the Monkfield Arms, the town’s only pub, agreed.

“Apart from this place there’s not much to do here,” he said. “It’s a bit of a ghost town really.”

Seyi Daramola, 44, who had spent the afternoon shopping in Morrisons supermarket with his 11-year-old daughter Dara, reckoned the town lacks soul.

“We do need some more shops,” said Seyi, who recently moved to Cambourne from north London. “It would add a bit of character to the town.”

Mum-of-three Gaynor Cooke, 61, who moved to the town in 2003, added: “There have been a lot of broken promises.

“We were supposed to have a market square, but nothing happened with that.

“There was even talk of a golf course, but we didn’t get that either.

“Instead we just ended up with a load of estate agents!

“It would be nice to have some small, unique shops, if only a greengrocers. A bit of variety would be lovely.”

Fiona Smith, 52, out with her 13-year-old daughter Caitlin, said: “I’d like to see another pub and a second supermarket rather than more houses.

“A couple more restaurants wouldn’t go amiss, perhaps even a cinema. And we really do need a post office.”

Doctors Lahiry Deiyagala and Kokila Karunarthne, both 38, both love living in Cambourne.

But they face a 20-minute drive to Huntingdon, nine miles away, if they want to stock up with their favourite Asian foods.

“We need another supermarket – or at least a bigger one – with a wider choice of items,” said Lahiry. “That would save us a journey!”

Christine Walker, 77, out walking her dog Oscar, said: “It is doggie heaven here because we are surrounded by lovely countryside.

“And the tea shop is lovely. But there is not a lot for youngsters and we could do with another pub.”

Zac Edwards, 31, said: “It’s a very friendly town and the people are lovely. But there’s nothing here.

“The local GP practice is over-subscribed already and it’s virtually impossible to get an appointment at the two practice dentists.

“They put up bus stops in West Cambourne where I live – unfortunately, though, no buses ever stop at them.”

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Newcrest Cambourne Ltd who have applied for planning permission for the new homes argue they are necessary to make the scheme, which contains “several” new retail units, “commercially viable”.

They claim: “This mix of uses will add to the vibrancy of the town centre bringing people living in the town centre.”

But residents have bombarded South Cambridgeshire District Council with objections.

One said: “The area really ought to be filled with just shops, community spaces and, if any residential at all, it should all be social and affordable housing only.”

Another claimed it was “outrageous” that homes were “being squeezed in to the detriment of the purpose of the High Street” and added: “The proposed application is not appropriate for the community.”

And a third added: “Cambourne has far too much residential development as it is. What we are sorely lacking is retail, services and amenities.

“We need recreational places i.e. a swimming pool (top priority), and other possibilities include cinema, bowling and restaurants. A post office is a necessity.

“We also need a wider variety of shops including alternative supermarkets (e.g. Lidl or Aldi), independent stores/organic grocers, charity shops and TK Maxx.”

But despite the lack of shops and leisure facilities, Cambourne does have one claim to fame – the first, and only, Post Box bearing the cipher of King Charles III.

Unveiled this summer by Julie Spence, the Lord-Lieutenant of Cambridgeshire, it draws visitors from around the world.

During a couple of hours on Saturday afternoon, three cyclists from London photographed themselves with it, before a couple of Dutch tourists arrived and then an excited group of university students from Cambridge.

South Cambridgeshire District Council’s Lead Cabinet Member for Communities, Cllr Henry Batchelor, said: “Cambourne is a successful and beautiful place to live and work – and the amount of open space and woodland is second to none for a new town.

“There’s a strong community engaged in all sorts of innovative projects and activities for all ages – alongside a supermarket, shops and convenience stores, hotels, schools and superb sports facilities.

“Meanwhile, we are in the process of determining a planning application which proposes further retail space on the High Street alongside new homes.

“Our aim, working with our partners, such as Cambourne’s excellent Town Council and residents, is to continue creating a vibrant town with an exemplar transport network that connects communities, allowing people the choice to leave their cars at home.”

The Sun has approached Newcrest Cambourne Ltd for comment.

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When selecting platforms, advisers have to reconcile two opposing interests – the needs of the client and the needs of the firm.

Platforms are products for clients, and they are the ones who almost always pay for them. But the reality is that platforms primarily provide services to advisers to help them look after their clients’ portfolios.

The two purposes have different selection criteria. There is clear evidence advisers are shifting their view of platforms and how they choose them, and that they are primarily focusing on their own needs, according to our latest UK Adviser Platforms: Platform Selection report.

This horses-for-courses approach became less relevant as platforms became more similar in their pricing and capabilities

But the good news is that maybe this is in the clients’ best interests after all.

The ‘platform as product’ approach was dominant for many years. Platforms have come in many shapes and sizes, each with their own particular features and even peculiarities.

Charging structures varied – some were great for smaller clients, while others were better for large portfolios or clients with workplace pensions.

Functionality was also different across the market. Some platforms were fine if you stuck to simple transactions, while others could handle more complicated and specialised business.

So, a firm with a range of client profiles typically used a variety of different platforms and selected them on a client-by-client basis.

Platforms may be basically quite similar but they all have their own idiosyncrasies that advisers and support staff need to master

But this horses-for-courses approach became less relevant as platforms became more similar in their pricing and capabilities. Nowadays, maximum platform charges are mostly clustered around the 0.3%-0.35% and they are expected to include almost every functionality.

Differences remain, but they have become less important, except perhaps in a few special situations.

As charges and features have converged and some platforms have become sufficiently cheap and capable for the needs of most clients, it was enough to use just one or perhaps two or three platforms.

Of course, some advisers had long ago decided to focus on a very few platforms because they had low-cost special deals with providers that were competitive for virtually all their clients – or, in a few cases, they simply had a homogeneous clientele.

Unsurprisingly, some players have called for more transparency about special deals and platform charges that mostly remain confidential

Selection on a client-by-client basis may have optimised individual client suitability (at least theoretically) but it bred inefficiencies for the advice firms that used this approach.

Platforms may be basically quite similar but they all have their own idiosyncrasies that advisers and support staff have needed to master.

Using multiple platforms means less expertise within firms in using individual platforms, together with more admin, more staff training and greater danger of mistakes. All these risks and costs are ultimately passed on to clients.

Consumer Duty’s ever-expanding requirements for advice firms is also looming over advisers’ heads. Less efficiency and higher costs limit the scope to charge clients less.

The drive for efficiency has led many advisers to think differently and more strategically about the way they select platforms. The average number of platforms advisers use has declined as they increasingly regard them as the administrative ‘plumbing’ for clients’ investments. So, what’s changed and what has stayed the same?

Advisers’ growing focus on using fewer platforms has yet to reduce platforms numbers in the market

Pricing remains important. Concentrating business onto one or two platforms allows newer platforms with whizzier tech to provide very competitive standard pricing in the mid to low teens or even less. Older platforms can often offer special deals that can match these rates or better them.

Unsurprisingly, some players have called for more transparency about special deals and platform charges that mostly remain confidential.

But clients of firms that cling to the horses-for-courses approach and pay the standard charges are probably missing out.

The adoption of adviser-controlled platforms is another sign of this shift. Larger firms are more likely to go down this route, pioneering greater control of their advice process as well as lower charges, some of which they might pass onto clients.

Another symptom is the acceleration in the volume of transfers between platforms. Over 50% of advisers have transferred assets in the last 12 months – many citing cost and service as primary drivers. Advice firm consolidation is also a powerful push factor.

Advisers’ growing focus on using fewer platforms has yet to reduce platforms numbers in the market. But with more platform switching, winners and losers are bound to emerge – with the inevitable platform consolidation to follow.

Lottie Bussell-Ahern is associate analyst at Platforum

MARTIN Lewis has warned against paying a regular household bill monthly – and it could even be cheaper covering the cost using a credit card.

The consumer champion said to steer clear of paying for car insurance in regular instalments over the year and instead pay annually if you can.

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In a recent poll on X, Lewis asked his followers how they pay for motor cover, with over 32% revealing they do it via monthly direct debit.

In response to the figures, Martin said he was taken aback at how many were not paying up front.

This is because when you pay monthly, the insurer classes it as you taking out a loan and charges you interest, meaning you pay more.

When you pay up front there’s no interest on top.

Martin said: “Monthly direct debit is a LOAN – they pay the year for you and loan you the money often at 20% – 40% APR way more than a typical credit card.

“I’m shocked by how many pay by monthly DD. Avoid if at all possible.”

Martin went on to say while he understood paying for car insurance monthly can help drivers budget, the APR’s charged by many big insurers mean a cheaper option can be paying annually with a credit card, ideally charging 0%.

And even some credit cards without interest-free periods charge lower rates than insurers.

APR refers to the total cost of your borrowing for the year.

Martin added: “If you have to, most would be far better to put it on a 0% card and repay it over the 12 months.

“Or even a standard high st card with APR 20%, undercuts many big insurers who charge up to 40% APR.”

The latest MSE newsletter revealed how Direct Line charges 23% APR, Aviva 16%, Esure 26% and Hedgehog 44%.

How to use a credit card to pay for car insurance

Interest-free credit cards let you spend for a set period of time without being charged interest, after which point you are.

However, you still have to make monthly repayments and if you miss them can see your 0% interest deal removed.

But they can be a good option if you need to cover an up front cost, like an annual payment for car insurance.

In this case, you would pay for your car insurance up front using the credit card, then pay off the balance each month.

This of course means you would have to work out how much you need to pay off each month so you are not left with any outstanding balance after the 0% interest period ends.

As an example, if your car insurance policy cost £480 for the year and your 0% period lasted 12 months, you would need to pay off £40 on the credit card each month.

You may also be able to pay a minimum payment each month, which makes your repayments more manageable.

However, you may breach the 0% interest period and have to pay interest on any outstanding balance which will cost you more overall.

Meanwhile, if you’re using a normal credit card to pay for your car insurance up front, paying just the minimum amount each month may be more expensive than paying your insurer monthly if it means you are paying off the loan, and the interest on that loan, over a longer time.

Of course, always bear in mind that a credit card is still borrowing and if you are using one to pay for your car insurance, try limiting it to just that and don’t use it on other spending as your repayment costs could rack up.

If you do miss monthly repayments, you can be hit with late payment fees with the typical charge around £12.

Meanwhile, not everyone will be eligible for a 0% credit card and you may be refused one if your credit rating is poor.

You can check our the best credit card deals by going on price comparison sites like MSE, MoneySuperMarket and Compare the Market.

How else to save money on car insurance

Tom Banks, car insurance expert from GoCompare previously told The Sun it’s worth parking your vehicle in a garage or driveway, if you have one, as parking off-road can lower the chances of it being vandalised or stolen.

“Insurers will deem you as less of a risk to insure, thereby lowering your premium,” he explained.

If you’ve got the budget, consider installing alarms and other safety devices in your car too.

“These could help bring your car insurance cost down, as well as keeping your vehicle safe,” Tom advised.

Up your voluntary excess as well – this is the maximum figure you have to pay if you are involved in an accident.

By increasing your excess, you are taking on more financial responsibility for your driving – insurers reward this by offering you a cheaper premium.

If you’ve recently added any modifications to your car, make sure they are included in your policy to ensure you’re covered as well.

If not, you may find your policy is invalidated and you’re forced to pay out over the odds in the case of an accident.

What is car insurance?

Consumer reporter Sam Walker talks you through what car insurance is and what it covers you for…

Car insurance pays out if your vehicle is stolen, damaged, catches on fire or is involved in an accident.

As a minimum, it protects you against any damage you case to other road users, the public or their property – these are called third parties.

You only need to claim on your car insurance when an accident is your fault.

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If another motorist is to blame, their insurance should pay out instead.

Car insurance, unlike home insurance, is a legal requirement and if you don’t have it you can be fined up to £1,000.

You can also have your vehicle seized and destroyed.

However, you don’t need to insure your car if it is classed as “off-road”, or holds a statutory off road notification (SORN).

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The vehicle has to be kept on private land and not a public highway though.

Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.

Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories

MCDONALD’S is switching up its menu just in time for Halloween, including adding two never-before-seen hot drinks.

The home of the Big Mac is also known for its extensive drinks menu, which includes a range of shakes, coffees and frappes.

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The fast-food chain frequently treats fans to a number of limited edition drinks, including the brand-new Twix Latte which was launched last month.

Now, the home of the Golden Arches is adding two more hot drinks for Halloween.

A new Toasted Marshmallow Latte and Toasted Marshmallow Hot Chocolate will be available from October 16.

Meanwhile, fans of the popular Mozzarella Dippers will be excited brand-new Cheese Bites will be coming to a restaurant near you on the same day.

One popular breakfast item has also been given an upgrade this autumn.

The iconic McDonald’s Hash Brown will be available in a new Mini size with the same crispy exterior and soft fluffy interior we all know and love.

I got an exclusive invite to try three of the new menu items before anyone else ahead of their public debut next week.

I’ve always been a fan of a coffee in the morning, so I was keen to give the new Toasted Marshmallow Latte a taste.

The coffee is strong but the toasted marshmallow flavoured syrup and dusting satisfy any sweet tooth.

It’s very similar to the popular Toffee Latte but has been given an autumnal twist.

It’s the perfect drink for a cold winter’s morning and I’m sure commuters will be queuing to grab one before they head into the office.

The whipped cream on top felt indulgent at first, but it melted quickly into the warm coffee, giving it a surprisingly smooth texture.

I’d give it a 4 out of 5.

Those who don’t like coffee are also covered as the fast-food giant has launched a Toasted Marshmallow Hot Chocolate, which has the same marshmallow syrup and flavoured dusting.

When I take a sip my mouth is filled with the rich chocolate, which is sickly sweet.

Fans of a Starbucks Classic or White Hot Chocolate will love it but I found it overpoweringly sugary.

Overall I’d score it a 3.5 out of 5.

What’s joining the McDonald’s menu?

The Halloween menu items are:

• Cheese Side – £2.49
• Cheese Side Sharebox – £6.79
• Toasted Marshmallow Latte – £2.59
• Toasted Marshmallow Hot Chocolate (Only available in Large) – £2.19
• McCrispy® Deluxe – £5.99
• McCrispy® Deluxe Medium Meal – £7.79
• Halloween M&M’s® McFlurry® – £2.19
• Halloween M&M’s® McFlurry® Mini – £1.59
• Galaxy® Caramel McFlurry® – £2.19
• Galaxy® Caramel McFlurry® Mini – £1.59
• Toffee Apple Pie – £1.99
• Mini Hash Browns Single Portion – £1.49
• Mini Hash Browns Sharebox – £2.99

The Toasted Marshmallow Latte costs £2.59 while the Toasted Marshmallow Hot Chocolate is only £2.19.

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I’m a big fan of McDonald’s Cheese Melt Dippers, so I had high hopes for the brand-new Cheese Bites.

And I’m pleased to say I was not disappointed.

The mozzarella and emmental flavours hit my taste buds as soon as I bit into one of the bite-sized pieces.

Meanwhile, the smoky caramelised onion flavoured breadcrumb coating added a sophisticated flavour to what is otherwise, essentially, a lump of cheese.

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The Cheese Bites come with a BBQ Dip, but I don’t think they needed it as they packed a serious punch on their own.

I’d rate them a solid 4.5 out of 5.

They come in portions of five for £2.49 or a sharebox of fifteen for £6.79.

Last up were the new Mini Hash Browns.

I have always been a sucker for a Hash Brown, so I was keen to give the new Mini version a try – and they did not disappoint.

The outside is extra golden and crunchy, as you would hope with any good Hash Brown.

But because they’re smaller than the original there is more batter, which makes them extra crunchy.

Inside the potato is still soft and fluffy while melting in the mouth.

I’d say they are better than the original Hash Brown and would give them a score of 4.5 out of 5.

Unlike the Cheese Bites, the Hash Browns do not come with sauce – but I think they are much tastier when dipped in tomato ketchup or brown sauce.

I definitely think it’s worth getting a dip to go.

Maccies fans can pick up five for £1.49 or a sharebox of 15 for £2.99.

Does McDonald’s often change its menu?

It is not unusual for McDonald’s to make changes to its menu across its 1,400 stores.

Just last week the fast-food chain confirmed that it was bringing back the much-loved McRib burger which had not been seen in the UK for nearly ten years.

Meanwhile, last month saw the return of McDonald’s popular Monopoly game.

To celebrate the launch it added six new items to its menu, including the never-before-seen Twix Latte.

Do you have a money problem that needs sorting? Get in touch by emailing money-sm@news.co.uk.

Plus, you can join our Sun Money Chats and Tips Facebook group to share your tips and stories