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Minimum wage and other increases announced

From April 2023, the following new rates will apply:

  • Statutory maternity, paternity, adoption, shared parental and parental bereavement pay will increase to £172.48 per week (previously £156.66).
  • Statutory sick pay will increase to £109.40 per week (previously £99.35).

Minimum wage and national living wage increases from April 2023:

  • 23 years+ – £10.42 (previously £9.50) an increase of 92 pence or 9.7%
  • 21-22 years – £10.18 (previously £9.18) narrowing the gap with the NLW and leaving this age group on course to receive the full NLW by 2024
  • 18-20 years – £7.49 (previously £6.83)
  • 16-17 years – £5.28 (previously £4.81)
  • Apprentices – £5.28 (previously £4.81)

For more details on the government increases click Large minimum wage increases help protect low-paid workers’ living standards – GOV.UK (www.gov.uk)