Page 10 - Acorn - Your Tomorrow booklet

Company Paternity Pay Policy
Whilst a new addition to the family can be a very exciting time, it can also be tough financially, but we can support you through our enhanced paternity pay policy.
How it works:
You will qualify for Company Paternity Pay (CPP) if you meet the following criteria:
• Qualify for Statutory Paternity Pay (SPP)
Please note – this is subject to change based on Government qualifying criteria. For the most up-to-date information, please visit www.gov.uk/paternity-pay-leave
For those colleagues who qualify for Statutory paternity pay,
CPP is paid for two weeks at the full rate of your average annual salary (excluding bonus and overtime). It includes any SPP that may be due for that period i.e. ‘topped up’ not in addition to SPP. The Company expects all colleagues to exercise a fair and equitable approach to this in respect to this and reserves the right to change the rate.
SPP and CPP payments will be made on the normal pay date via standard salary mechanisms. Income tax, national insurance and pension contributions will be deducted as appropriate.
This policy is non-contractual, and the Company reserves the right to discontinue or change the policy with fair notice. Any payment made under the scheme does not set a precedent for future payments.
10 Company Paternity Pay Policy