The Government has announced the annual increase to minimum rates of pay that are to take effect in April 2023. For those aged 23 and over this will mean at least £10.42 per hour before deductions for tax, National Insurance and pension (if applicable) are made.
The full list of changes, which come into force on 1st April 2023, are as follows:
The minimum wage is the same across all parts of the UK.
All workers and employees are entitled to receive the minimum wage for their age, with breaches being enforced by HMRC or by the employee themselves through the Employment Tribunal. Furthermore, there is protection against dismissal for those who have raised complaints about being paid less than the relevant amount.
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At Waterfront, our specialist employment & HR lawyers advise on settlement agreements every week but for our employee clients, signing such an agreement can be a once-in-a-lifetime event. If you have been offered a settlement agreement or you are finding the process confusing or daunting, we are here to help. What…
In times of economic turmoil, redundancies are seldom far away. Against the backdrop of the cost-of-living crisis, unease in the financial markets resulting from political uncertainty and the continuing legacy of the Covid-19 pandemic, many companies are making cutbacks and having to find efficiencies in order to survive. Indeed, the last few weeks have seen news headlines about mass-layoffs at Twitter, the Independent and Royal Mail.