Statutory Rate Increases April 2024
Statutory pay rates normally increase in April each year and 2023 is no different.
Minimum Wage
National Minimum Wage (NMW) and National Living Wage (NLW) hourly rates increase with effect from 1st April 2023:
| From | Under 18 | 18-20 | 21-22 | 23 and over |
|---|---|---|---|---|
| April 2023 | £5.28 | £7.49 | £10.18 | £10.42 |
| April 2024 | £6.40 | £8.60 | £11.44 | £11.44 |
The national minimum wage for apprentices aged under 19, or those aged 19 and over but in the first year of their apprenticeship - from April 2024 is £6.40 per hour (up from £5.28 in April 2023).
Family Friendly
With effect from April 2023 the following weekly rates will apply:
| Statutory Pay | April 2022 | April 2023 |
|---|---|---|
| Statutory Maternity Pay (SMP) | £156.66 | £172.48 |
| Statutory Adoption Pay (SAP) | £156.66 | £172.48 |
| Statutory Paternity Pay (SPP) | £156.66 | £172.48 |
| Statutory Shared Parental Pay (ShPP) | £156.66 | £172.48 |
Alternatively for all of these, 90% pay applies if this is lower than the rate listed above.
The Statutory rates for 2024 are proposed to rise to £184.03.
Statutory Sick Pay
With effect from April 2023 Statutory Sick Pay (SSP) will rise to £109.40 per week from £99.35.
The proposed Statutory Sick Pay rate for 2024 is £116.75.
Redundancy
The maximum amount of a week’s pay for the purposes of calculating statutory redundancy pay in 2024 has yet to be announced. It is currently capped at £643 per week.
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Article last updated: 7 December 2023
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