The Department for Work and Pensions has published its proposed increases to several statutory benefit payments, including statutory sick pay & statutory maternity pay. The new rates represent an increase of 10.1% on the rates applicable for 2022/2023.
The following rates will apply from 10 April 2023:
- The weekly rate of statutory sick pay (SSP) will be £109.40 (up from £99.35).
- The weekly rate of statutory maternity pay (SMP) and maternity allowance will be £172.48 (up from £156.66).
- The weekly rate of statutory paternity pay (SPP) will be £172.48 (up from £156.66).
- The weekly rate of statutory shared parental pay (ShPP) will be £172.48 (up from £156.66).
- The weekly rate of statutory adoption pay (SAP) will be £172.48 (up from £156.66).
- The weekly rate of statutory parental bereavement pay (SPBP) will be £172.48 (up from £156.66).
The national minimum wage rates that will apply from 1 April 2023 were announced in the Autumn Statement. The annual increases are as follows:
- 23+ – £10.42 (previously £9.50)
- 21-22 – £10.18 (previously £9.18)
- 18-20 – £7.49 (previously £6.83)
- 16-17 – £5.28 (previously £4.81)
- Apprentices – £5.28 (previously £4.81)