DWP rate increases
The DWP has published its annual increases for various employment related pay rates which will take effect in April 2023. Statutory maternity, paternity, shared parental and parental bereavement pay will increase from £156.66 to £172.48. Statutory sick pay will go up from £99.35 to £109.40.
National minimum wage levels will also increase in April 2023:
- Age 23 and over: £10.42 (from £9.50)
- Age 21 and 22: £10.18 (from £9.18)
- Age 18-20: £7.49 (from £6.83)
- Age 16 and 17 : £5.28 (from £4.81)
- Apprentice rate: £5.28 (from £4.81)
Employers must ensure that they revisit employees’ pay to ensure that they meet the new rates at the right time.