National Minimum Wage and other rates increase for 2023/2024
The Department for Work & Pensions has now published annual rate increases for 2023/2034.
The government has announced the rate for statutory maternity (SMP), paternity (SPP), adoption (SAP), parental bereavement (SPBP) and shared parental pay (SShPP) will increase to £172.48 (previously £156.66).
Additionally, the rate for statutory sick pay (SSP) will increase to £109.40 per week (previously £99.35 per week).
There is also an annual increase to the National Minimum Wage and National Living Wage.
These changes will be effective in April 2023.
If you require any specific employment law advice, please contact the specialist employment team at Lennons on 01494 773377 or hello@lennonssolicitors.co.uk.