Reminder of Statutory Payment Increases from April 2023

The National Minimum Wage and National Living Wage will increase as follows:

  • 23 and over – £9.50 to £10.42
  • 21-22 – £9.18 to £10.18
  • 18-20 – £6.83 to £7.49
  • Under 18 – £4.81 to £5.28
  • Apprentices – £4.81 to £5.28

The rates for statutory maternity, paternity, adoption, shared parental, and parental bereavement pay will increase from £156.55 to £172.48 per week.

Statutory Sick Pay will rise from £99.35 to £109.40 per week.

The annual increase in Employment Tribunal limits are:

  • Compensatory Award – £105,707 (previously £93,878)
  • A ‘week’s pay’ (for basic award and redundancy payments) – £643 (previously £571)

Should you require any advice on statutory payments or processes contact 121 HR Solutions on 0800 9995 121.

Privacy Policy

 

 

Powered by The Logic of Eight - Creative Media