The National Living Wage and the National Minimum Wage rates will increase from 1 April 2023 as follows:
23-year-olds and over (National Living Wage): from £9.50 to £10.42 an hour
21–22-year-olds: from £9.18 to £10.18 an hour
18-20-year-olds: from £6.83 to £7.49 an hour
16-17-year-olds and apprentice rate: from £4.81 to £5.28 an hour
Accommodation offset: from £8.70 to £9.10 an hour
Other increases to statutory payments
How much is the minimum wage for someone on maternity leave from April 2023
Maternity pay, paternity pay & adoption pay increases from £156.66 to £172.48
Starting from April 3rd, 2022, the standard rate for statutory maternity pay (SMP) is £156.66 per week.
From April 2nd, 2023, this rate will increase to £172.48.
If an employee qualifies for statutory maternity pay, they are entitled to receive 90% of their normal weekly pay for the first 6 weeks of maternity leave, and then the standard rate for a maximum of 33 weeks.
If the rate of statutory maternity pay increases during an employee's maternity leave, the increased amount must be paid for any remaining weeks after the change takes place.
How much Statutory Sick Pay (SSP) do employees get from April 2023?
Statutory sick pay (SSP) is increasing from £99.35 to £109.40
To be eligible for SSP, you must earn a minimum of £123 per week since April 2022. This minimum amount will stay the same in April 2023, while the other rates increase.
Statutory guarantees pay is £31 a day (£35 from 6 April 2023) for 5 days in any 3-month period. The maximum an employee is entitled to is £155 (£175 from 6 April 2023). Employees who usually earn less than £31 a day (£35 from 6 April 2023) will get their usual daily rate.
How much will redundancy pay be from April 2023?
Starting April 6, 2023, the maximum amount of money that will be taken into account when calculating statutory redundancy pay will be £643 per week, up from £571 per week previously.
This pay is based on a formula that takes into account the employee's age, length of service, and weekly pay. If the employee's weekly pay is more than £643, only the first £643 will count toward the calculation. Employees who are under 22 years old will receive half a week's pay for each year of
work, while employees aged 22-41 will receive one week's pay for each year of work. Employees aged 41 and over will receive one and a half weeks' pay for each year of work.