National Minimum Wage increases April 2023

National minimum wage increase - 1st April 2023 - Centric HR

Just a reminder that the government’s new rates of the National Living Wage (NLW) and National Minimum Wage (NMW) will come into force from 1st April 2023. In doing so, the government accepted in full the recommendations of the Low Pay Commission. The rates which will apply from 1 April 2023 are as follows:

  • Workers aged 23 and over: £10.42 an hour (National Living Wage)
  • Workers aged 21-22: £10.18 an hour
  • Development rate for workers aged 18-20: £7.49 an hour
  • Young workers rate for workers aged 16-17: £5.28 an hour
  • Apprentice rate: £5.28 an hour.

 

On April 2, 2023, statutory maternity, adoption, paternity and shared parental pay will rise from £156.66 to £172.48 a week. Statutory sick pay will also rise from £99.35 to £109.40 per week.

READ RELATED ARTICLE:  The benefits of pensions for both employers and employees

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Sandra Berns

Sandra Berns

Centric HR was founded by Sandra Berns, a confident and versatile Human Resources and Organisational Development Practitioner with 25 years demonstrable experience and a Fellow of the CIPD. Sandra has both Operational and Strategic HR expertise across Public and Private sectors and has assisted senior teams in meeting challenging workforce objectives in many corporate environments.