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New statutory minimum rates for 2023/2024 published!

From April 2023, increases to the following statutory minimum rates will take effect:

National living wage (applicable to anyone aged 23+)

£9.50 -> £10.42 per hour

National minimum wage (applicable to apprentices and anyone aged 16-22)

  • 21-22 £9.18 -> £10.18 per hour
  • 18-20 £6.83 -> £7.49 per hour
  • 16-17 £4.81 -> £5.28 per hour
  • Apprentices £4.81 -> £5.28 per hour

 Family leave (statutory maternity, paternity, adoption, shared parental and parental bereavement)

£156.66 -> £172.48 per week

 Sick pay (SSP)

£99.35 -> £109.40 per week

 Accommodation rates

Accommodation provided by an employer can be taken into account when calculating the National living/minimum wage rate.

Daily accommodation offset rate changes:

£8.70 -> £9.10

Note – No other kind of company benefit (such as food, car, childcare vouchers) counts towards the minimum wage.

New statutory minimum rates for 2023/2024 published!

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