The Department for Work and Pensions has published its annual rate increases 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 will increase to £109.40 per week (previously £99.35).
The annual increase to the minimum wage and national living wage are as follows:-
- 23+ - £10.42 (previously £9.50)
- 21-22 - £10.18 (previously £9.18)
- 18-20 - £7.49 (previously £6.83)
- 16-17 - £5.28 (previously £4.81)
- apprentices - £5.28 (previously £4.81)
The accommodation offset will be £9.10 per day (previously £8.70).
These changes will take effect in April 2023.
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