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Government publishes new minimum wage rates and family friendly pay rates for April 2023

The Government has recently announced the new rates of the National Living Wage (NLW) and the National Minimum Wage (NMW).

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Published 13 December 2022

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In so doing, the government has accepted in full the recommendations of the Low Pay Commission to ensure the NLW remains on track to reach the Government’s target of two-thirds of median earnings by 2024.

The new rates are as follows:

– The National Living Wage for workers who are 23 and over will rise from £9.50 to £10.42 per hour.

– The NMW for those aged 21 to 22 will rise from £9.18 to £10.18 per hour.

– The NMW for those aged 18 to 20 will rise from £6.83 to £7.49 per hour.

– The NMW for those aged 16-17 will rise from £4.81 to £5.28 per hour.

– The apprentice rate will increase from £4.81 to £5.28 per hour.

– The Accommodation Offset will be £9.10 per day (previously £8.70).

These changes will come into force in April 2023. It is hoped that the increases will support the wages and living standards of low-paid workers at a time when many are feeling increased pressure from the rising cost of living.

The Department for Work and Pensions has also published its annual rate increases to family friendly pay and statutory sick pay for 2023/2024. The rate for statutory maternity, paternity, adoption, shared parental and parental bereavement pay will increase to £172.48 per week (previously £156.66). The rate for statutory sick pay, meanwhile, will increase to £109.40 per week (rising from £99.35).

For more information, visit our Employment Lawyers page.

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Shorter Reads

Government publishes new minimum wage rates and family friendly pay rates for April 2023

The Government has recently announced the new rates of the National Living Wage (NLW) and the National Minimum Wage (NMW).

Published 13 December 2022

Associated sectors / services

Authors

In so doing, the government has accepted in full the recommendations of the Low Pay Commission to ensure the NLW remains on track to reach the Government’s target of two-thirds of median earnings by 2024.

The new rates are as follows:

– The National Living Wage for workers who are 23 and over will rise from £9.50 to £10.42 per hour.

– The NMW for those aged 21 to 22 will rise from £9.18 to £10.18 per hour.

– The NMW for those aged 18 to 20 will rise from £6.83 to £7.49 per hour.

– The NMW for those aged 16-17 will rise from £4.81 to £5.28 per hour.

– The apprentice rate will increase from £4.81 to £5.28 per hour.

– The Accommodation Offset will be £9.10 per day (previously £8.70).

These changes will come into force in April 2023. It is hoped that the increases will support the wages and living standards of low-paid workers at a time when many are feeling increased pressure from the rising cost of living.

The Department for Work and Pensions has also published its annual rate increases to family friendly pay and statutory sick pay for 2023/2024. The rate for statutory maternity, paternity, adoption, shared parental and parental bereavement pay will increase to £172.48 per week (previously £156.66). The rate for statutory sick pay, meanwhile, will increase to £109.40 per week (rising from £99.35).

For more information, visit our Employment Lawyers page.

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