Changes to employees’ payments of statutory rights have been announced by the Department of Pensions ready for April 2023!
Statutory maternity, paternity, adoption, parental bereavement, and shared parental pay is to increase from £156.66 to £172.48 per week or 90% of the employee’s average weekly earnings, whichever is lower as of 02 April 2023. The first six weeks of statutory maternity and adoption pay are still expected to be paid at 90% of the employee’s average weekly pay.
Statutory Sick Pay is to increase from £99.35 to £109.40 per week as of 06 April 2023.
The minimum weekly amount an individual must earn to be entitled to these payments will remain at £123.
Employers who have employees on sickness absence, or maternity leave etc, in the run up to April 2023, must remember to factor in the increases for these employees where their absence continues past the rate change date, as well as employees who go on sick leave, maternity leave etc after the new rates are in place.
New National Minimum Wage rates were announced on 17 November 2022 for the tax year beginning 1 April 2023. The rates 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.
Contact us at the HRX. We can support you with the changes or help with any questions around an employee’s statutory right.