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The National Minimum Wage Increase – April 2023
New Rates of National Minimum Wage
A brief reminder of forthcoming increases to the National Minimum Wage and other employment rates
From 1 April 2023, the National Minimum Wage increases as follows:
|National Living Wage (age 23+)||£9.50||£10.42|
|Adult rate (age 21-22)||£9.18||£10.18|
|Development rate (age 18-20)||£6.83||£7.49|
|Young workers rate (age 16-17)||£4.81||£5.28|
From 2 April 2023, the weekly rate of statutory maternity, paternity and adoption pay will increase to £172.48.
From 6 April 2023, statutory sick pay will increase to £109.40 per week and the cap on one week’s pay for calculating statutory redundancy payments will increase to £643.