National Minimum wage Increases & New Statutory Maternity and Sick Pay Rates

National Minimum Wage

The Government announced the rates of the National Living Wage (NLW) and National Minimum Wage (NMW) this comes into force from April 2023. In doing so, it has accepted in full the recommendations of the Low Pay Commission.

The rates which will apply from 1 April 2023 are as follows:

• National Living wage £10.42

• 21-22 Year Old Rate £10.18

• 18-20 Year Old Rate £7.49

• 16-17 Year Old Rate £5.28

• Accomodation Offset £9.10

The Department of Work and Pensions has announced new rates for statutory maternity, paternity, adoption, parental bereavement and shared parental payments to be applied from April 2023, as well as the new rate for statutory sick pay.

The rate for 2023/24 for statutory maternity (SMP), paternity (SPP), adoption (SAP), parental bereavement (SPBP) and shared parental pay (ShPP) will increase from £156.66 to £172.48 per week. Additionally, the rate of statutory sick pay (SSP) is also set to increase from £99.35 to £109.40 per week.