National Living Wage Set to Rise on 1st April 2023

Every year, the National Living Wage (NLW) and National Minimum Wage (NMW) are set to rise from the 1st April. The new rates will be:

• NLW £10.42 per hour

• Age 21-22 £10.18 per hour

• Age18-20 £7.49 per hour

• Age16-17 £5.28 per hour

• Apprentice rate £5.28 per hour

If you pay any employees the NLW or NMW, or close to it, it’s a good idea to check their current pay now to see what adjustments you need to make ready for April.

Other Important Rises From April 2023

Other important rises include:

• Statutory maternity, paternity, adoption, parental bereavement, and shared parental payments will rise to £172.48 per week.

• Statutory sick pay, which will rise to £109.40 per week from 6th April;

If this is written into your policies then don’t forget to amend them ready for April.