There are some important changes coming into effect in April 2023 that employers should keep in mind. These changes include increases to National Living and Minimum wage and Statutory Maternity, Paternity, Shared Parental and Sick Pay. These changes were announced in the Autumn Budget in November 2022.
For workers aged 23 and over the National Living Wage will increase to £10.42. For those aged 21-22 it will be £10.18, 18–20 year olds: £7.49, 16-17 year olds: £5.28, and the Apprentice rate will also be £5.28. These changes will come into effect on 1st April 2023.
It is against the law for an employer to pay less than the National Minimum Wage. Employers could be fined if they are not paying their employees at least the minimum wage. Any errors in pay can be quickly resolved by the employer rectifying the payments and advising the employee accordingly. It is the employer’s responsibility to ensure their employees are receiving the correct pay and employers can use the National Minimum Wage calculator if necessary.
Statutory Maternity, Paternity, Adoption and Shared Parental pay is rising from £156.66 to £172.48 per week. These changes become effective on 2nd April 2023. Statutory Sick pay will also rise from £99.35 to £109.40 per week, and this will come into effect on 6th April 2023.
Statutory redundancy payments and unfair dismissal claim limits are expected to be revised and put into effect in April 2023.
Employers need to keep up to date with these changes to pay.
📢If you need advice, contact one of our team on 01935411191 or email enquiries@rbhr.co.uk for a free initial consultation phone call. 📢