Back in November last year, we provided the latest increases to the Minimum Wage scheduled for 1 April 2024. We have now compiled all of the relevant increases that are due to come into event from April 2024 in one easy table for you to see at a glance.
|
|
Old rate |
New rate |
Date changes effective from |
|
National Minimum Wage |
23 and over: £10.42 21-22: £10.18 18-20: £7.49 Under 18: £5.28 |
21 and over: £11.44 18-20: £8.60 Under 18: £6.40 |
1 April 2024 |
|
Maximum compensatory award for Unfair Dismissal |
£105,707 |
£115,115 |
6 April 2024 |
|
Statutory guarantee pay |
£35 per day |
£38 per day |
6 April 2024 |
|
Statutory sick pay |
£109.40 per week |
£116.75 per week |
6 April 2024 |
|
A week’s pay for Statutory Redundancy Pay |
£643 per week |
£700 per week |
6 April 2024 |
|
Vento bands in Discrimination cases
|
· a lower band of £1,100 to £11,200; · a middle band of £11,200 to £33,700; and, · an upper band of £33,700 to £56,200 |
· a lower band of £1,200 to £11,700; · a middle band of £11,700 to £35,200; and, · an upper band of £35,200 to £58,700 |
6 April 2024 |
|
Statutory maternity pay, paternity pay, adoption pay, shared parental pay and parental bereavement pay |
£172.48 per week |
£184.03 per week |
7 April 2024 |
Perhaps you need some support with your HR Challenges
If you lack HR support or just need some additional help, we also have a suite of policies to assist you.
Our HR policy library consists of 26 practical HR policies that are already updated to account for the new legislation that comes into effect from April 2024 onwards. These policies are comprehensive, yet compact and concise, (making them very easy to implement) easy to read and understand, and, of course, completely legally compliant in the UK. Once downloaded, they are ready to adapt to suit your particular business as they are fully customisable and editable.