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Employment and Pensions

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Increases in rates and limits

Published 3 April 2023

Annual increases in employment related rates and limits will take effect this month.

THE FACTS

The following annual changes in rates and limits will take effect this month in Great Britain.

RATE/LIMIT	OLD RATE	NEW RATE	DATE OF CHANGE
Limit on a week’s pay	£571	£643	6 April 2023
Maximum statutory redundancy pay	£17,130	£19,290	6 April 2023
Maximum basic award for unfair dismissal	£17,130	£19,290	6 April 2023
Maximum compensatory award for unfair dismissal	£93,878	£105,707	6 April 2023
Statutory sick pay weekly rate	£99.35	£109.40	10 April 2023
Statutory maternity, paternity, shared parental and adoption pay weekly rate	£156.66	£172.48	10 April 2023
National Minimum Wage			1 April 2023
Ø Age 23 and over	£9.50	£10.42
Ø Age 21-22	£9.18	£10.18
Ø Age 18-20	£6.83	£7.49
Ø Age 16-17	£4.81	£5.28
Ø Apprentice rate	£4.81	£5.28

WHAT DOES THIS MEAN FOR EMPLOYERS?

For the first time, the maximum compensatory award in employment tribunal claims has risen to above £100,000. This is a significant increase, driven by inflation, and should be noted by employers facing unfair dismissal claims this year.

Employers should factor the increases in rates into workforce planning.

Authors

Hilary Larter

Leeds

+44 (0)113 251 4710

hlarter@dacbeachcroft.com

Ceri Fuller

London - Walbrook

+44 (0)20 7894 6583

cfuller@dacbeachcroft.com

Discrimination and whistleblowing detriment: Vento band increase

By Hilary Larter

The annual Vento band increases, which guide awards for injury to feelings in discrimination and whistleblowing detriment claims, have been announced.

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