New rates for statutory employment payments in the UK

20 December 2022 | Applicable law: England and Wales | 1 minute read

On 28 November 2022, the Department of Work and Pension (DWP) published its annual rate increases for 2023/24. All of the new rates will take effect on or around the start of the tax year on 6 April 2023. 

What are the new rates?

The increased rates affecting employers are as follows:

  • Statutory sick pay will increase from £99.35 in 2022/23 to £109.4 in 2023/24. 
  • Statutory Maternity Pay, Paternity Pay, Adoption Pay, Shared Parental Pay, and Parental Bereavement Pay will also each increase from £156.66 to £172.48.
  • The minimum weekly amount an employee needs to earn to qualify for these will remain at £123.

The National Living Wage (for those aged 23 and over) and the National Minimum Wage (for those of at least school leaving age) will increase according to the table below:

Age/Position NMW/NLW
- 2022/23 2023/24
23 and over £9.50 £10.42
21 to 22 £9.18 £10.18
18 to 20 £6.83 £7.49
Under 18 £4.81 £5.28
Apprentice £4.81 £5.28

The Accommodation Offset will also increase from £8.70 per day (£60.90/week) to £9.10 per day (£63.70/week).

If you have any queries on how this might affect you, please get in touch with our team. 

For further information, you can visit the following pages: 

UK Government: Benefit and pension rates 2023 to 2024

UK Government: National Minimum Wage and Living Wage

This document (and any information accessed through links in this document) is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.


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