Key Facts & Figures

Facts and Figures National Minimum Wage/Living Wage

  National Living Wage (workers aged 23 and over) 21 – 22 18 – 20 Under 18 Apprenticeship rate (minimum hourly rate)
6th April 2023 £10.42 £10.18 £7.49 £5.28 £5.28

6th April 2022

£9.50 £9.18 £6.83 £4.81 £4.81

 

Statutory Sick Pay (SSP)

Sick days between SSP rate (each week)
6th April 2023 – 5th April 2024 £109.40

6th April 2022 – 5th April 2023

£99.35

 

Statutory Maternity Pay (SMP)

Weekly rate of SMP Maximum period
90% of employee’s average weekly earnings (before tax)

90% of employee’s average weekly earnings or £172.48 (whichever is lower)

First 6 weeks

 

33 weeks

SMP is paid in the same way as your wages (i.e. monthly or weekly) and tax and NI will be deducted.

Statutory Paternity Pay (SPP)

Weekly rate of SPP Maximum period
90% of employee’s average weekly earnings or £172.48 (whichever is lower) Two weeks’ ordinary paternity leave; 26 weeks’ additional paternity leave

Tax and NI will be deducted in the usual way.

Statutory Adoption Pay (SAP)

Weekly rate of SPP Maximum period

90% of employee’s average weekly earnings (before tax)

90% of employee’s average weekly earnings or £172.48 (whichever is lower)

First 6 weeks

 

33 weeks

Tax and NI will be deducted in the usual way.

Shared Parental Pay (SHPP)

Weekly rate of SPP Maximum period
90% of employee’s average weekly earnings or £172.48 (whichever is lower) You can share up to 50 weeks of leave and up to 37 weeks of pay between you in the first year after your child is born or placed with your family.

Tax and NI will be deducted in the usual way.

Statutory Redundancy Pay

  Maximum: up to 30 weeks’ pay
6th April 2023 – 5th April 2024 £19,290
6th April 2022 – 5th April 202 £17,130

 

Calculating Statutory Redundancy Pay

0.5 weeks’ pay For each year of service for employees between the ages of 18 and 21
1 weeks’ pay For each year of service for employees between the ages of 22 and 40
1.5 weeks’ pay For each year of service for employees aged 41 and over

 

Week’s pay

  Maximum
6th April 2023 – 5th April 2024 £643
6th April 2022 – 5th April 2023 £571

 

Tribunal Compensation Limits

Effective Date of Termination Maximum Basic Award Maximum Compensatory Award
6th April 2023 – 5th April 2024 £19,290 £105,707 or 52 week’s gross pay (whichever is lower)
6th April 2022 – 5th April 2023 £17,130 £93,878 or 52 weeks’ gross pay (whichever is lower)

 

This page was updated on 6th April 2023.