Statutory minimum wage rates and statutory benefits
Statutory minimum wage rates
The government has accepted in full the recommendations of the Low Pay Commission and announced the rates of the National Living Wage (NLW) and National Minimum Wage (NMW) to apply from 1 April 2023.
|
|
Rate from April 2022 |
Rate from April 2023 |
Annual increase |
Annual increase |
|
National living wage (over 22) |
£9.50 |
£10.42 |
£0.92 |
9.7% |
|
21–22 year old NMW rate |
£9.18 |
£10.18 |
£1.00 |
10.9% |
|
18–20 year old NMW rate |
£6.83 |
£7.49 |
£0.66 |
9.7% |
|
16–17 year old NMW rate |
£4.81 |
£5.28 |
£0.47 |
9.7% |
|
Apprentice rate |
£4.81 |
£5.28 |
£0.47 |
9.7% |
Statutory benefits
In its policy paper ‘Benefit and pension rates 2023 to 2024’, the Department for Work and Pensions sets out the new rates for statutory benefits, which will apply from April 2023.
The weekly rates of statutory maternity pay, statutory paternity pay, statutory shared parental pay, statutory adoption pay and statutory parental bereavement pay will increase from £156.66 to £172.48. This will take effect from 2 April 2023.
The weekly rate of statutory sick pay will increase from £99.35 to £109.40. This will take effect from 6 April 2023.
The minimum weekly amount an individual must earn, in order to be entitled to these payments, will remain at £123.
The weekly rate of maternity allowance will also increase to £172.48.
Need support with your HR?
Our support means you can focus on education, while we take care of your organisation’s HR needs.
We have a wide range of education HR consultancy services to choose from, offering complete flexibility for your school. Get in touch for a free consultation about how we can help you.
The salaries and pay section of our CEFMi website contains model policies and information. Get a free trial of CEFMi – a comprehensive resource for school managers containing over 7,000 pages of text, including over 170 policies written specifically for schools.