Changes to National Minimum Wage rates 2023/2024

The Department for Work and Pensions has published its annual rate increases for 2023/2024.

These changes will take effect in April 2023. 

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:

	Rate from April 2023	Annual increase (£)	Annual increase (%)
National Living Wage	£10.42	£0.92	9.7%
21-22 Year Old Rate	£10.18	£1.00	10.9%
18-20 Year Old Rate	£7.49	£0.66	9.7%
16-17 Year Old Rate	£5.28	£0.47	9.7%
Apprentice Rate	£5.28	£0.47	9.7%
Accommodation Offset	£9.10	£0.40	4.6%

The accommodation offset will be £9.10 per day (previously £8.70).

If you have any queries or require any guidance on the above changes to the National Minimum Wage, then please get in touch with the team on 01932 830664.