Rates and limits for employment law
19 March 2024
Various employment-related rates and limits change every year, usually in April. Here’s our at-a-glance table of the current key figures.
| Entitlement | From date | Amount |
| National minimum wage | ||
| National living wage (age 21 and over) | 1 April 2024 | £11.44 per hour |
| 18-20 rate | 1 April 2024 | £8.60 per hour |
| 16-17 and apprentice rate | 1 April 2024 | £6.40 per hour |
| Sick pay | ||
| Statutory sick pay | 6 April 2024 | £116.75 per week |
| Family-related leave | ||
| Statutory maternity pay (after first six weeks) | 7 April 2024 | £184.03 per week |
| Statutory adoption pay (after first six weeks) | 7 April 2024 | £184.03 per week |
| Statutory paternity pay | 7 April 2024 | £184.03 per week |
| Statutory shared parental pay | 7 April 2024 | £184.03 per week |
| Statutory parental bereavement pay | 7 April 2024 | £184.03 per week |
| Termination and compensation payments (GB) | ||
| A week’s pay | 6 April 2024 | £700 per week |
| Maximum statutory redundancy payment | 6 April 2024 | £21,000 |
| Maximum basic award for unfair dismissal | 6 April 2024 | £21,000 |
| Maximum compensatory award for unfair dismissal | 6 April 2024 | £115,115 (or 52 weeks’ gross pay if less) |
| Termination and compensation payments (NI) | ||
| A week’s pay | 6 April 2024 | £729 per week |
| Maximum statutory redundancy payment | 6 April 2024 | £21,870 |
| Maximum basic award for unfair dismissal | 6 April 2024 | £21,870 |
| Maximum compensatory award for unfair dismissal | 6 April 2024 | £115,341 (not capped at 52 weeks’ pay as in GB) |