Statutory Government Rates – From April 2024

Shared Parental Pay (SHPP) £184.03 

Maternity Pay (SMP) £184.03

Statutory Adoption Pay (SAP) £184.03

Statutory Bereavement Pay (SBP) £184.03

Statutory Rates for Paternity Pay (SPP) £184.03

Pension Contributions Employee 5%

Employer 3%

For the 2022/23 tax year, you’ll pay contributions on any earnings between £6,240 and £50,270.

Redundancy – Limit on a week’s pay for calculating redundancy and unfair dismissal basic award 


Maximum basic award for unfair dismissal and statutory redundancy payment (30 weeks’ pay subject to the limit on week’s pay) 


Minimum award for dismissal on TU, H&S, occupational pension scheme trustee, employee rep & on working time grounds only 


Maximum compensatory award for unfair dismissal: a year’s pay  


Contract claims if in an employment tribunal 


National Insurance Lower Earnings Limit


Statutory Sick Pay

£116.75 per week

Statutory Guarantee Pay

£38 per day 

National Minimum Wage 

£11.44 for workers aged 23 and over (the national living wage)

£10.18 for workers aged 21 or 22 

£8.60 for workers aged 18 to 20 

£6.40 for workers aged under 18 who are no longer of compulsory school age 

£6.40 for apprentices under 19, or over 19 and in the first year of the apprenticeship. 

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