Update - Employment rate changes are coming in April 2023!
April is the time of year when various statutory employment rates go up. We have compiled below some of the changes that will affect Microsoft Partners from April 2023.
What is changing from 6 April 2023?
| What is changing? |
Rate from 6 April 2023 |
Week’s Pay
Used for the statutory redundancy payment calculation etc.
|
£643
|
Statutory Sick Pay
Per week
|
£109.40
|
Statutory maternity, paternity and adoption pay
Per week
|
£172.48
|
Unfair dismissal maximum compensation award
|
£105,707
*or 52 weeks actual pay, whichever is lower
|
Vento bands
Used to calculate compensation for injury to feelings in discrimination cases.
|
Lower band: £1,100 to £11,200 (less serious cases)
Middle band: £11,200 to £33,700 (cases which do not merit an award in the upper band)
Upper band: £33,700 to £56,2002 (most serious cases).
2Amounts in excess of £56,200 can be awarded in the most exceptional cases.
|
National Minimum Wage (NMW) and
National Living Wage
| Age |
Rate from April 2023 |
Previous rate |
% Inc. |
% Previous year Inc. |
23 and over
(National Living Wage) |
£10.42 |
£9.50 |
9.7% |
6.6% |
| 21 – 22 (NMW) |
£10.18 |
£9.18 |
10.9% |
9.8% |
| 18-20 (NMW) |
£7.49 |
£6.83 |
9.7% |
4.1% |
| 16-17 (NMW) |
£5.28 |
£4.81 |
9.7% |
4.1% |
| Apprentice rate |
£5.28 |
£4.81 |
9.7% |
11.9% |
| Accommodation offset |
£9.10 |
£8.70 |
4.6% |
4.1% |
Family Leave
Weekly pay is increasing for those who are eligible for:
- Statutory Maternity pay
- Statutory Paternity pay
- Statutory Adoption pay
- Statutory Shared Parental pay
- Statutory Parental Bereavement pay
| Rate from April 2023 |
Previous rate |
| £172.48 |
£156.66 |
Statutory Sick Pay
The weekly rate is increasing for those who are eligible for sick pay:
| Rate from April 2023 |
Previous rate |
| £109.40 |
£99.35 |
Note: the lower earnings limit, which is the minimum an employee must earn to qualify for statutory sick pay, is remaining the same at £123 per week.
