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Statutory rates

Here are the key facts and figures. For additional rates please see the CIPD Statutory Rates page.

Type of PaymentRates 2023/24 (£)Rates 2024/25 effective  April 2024
Limit on a week’s pay£643£700
Statutory Maternity Pay£172.48£184.03
Statutory Paternity Pay£172.48£184.03
Statutory Adoption Pay£172.48£184.03
Statutory Shared Parental Leave Pay£172.48£184.03
Statutory Sick Pay£109.40£116.75
Maximum Compensatory Award£105,707£115,115
Maximum basic award for unfair dismissal and statutory redundancy payment£17,130  (30 weeks’ pay subject to the limit on a week’s pay)£21,000  (30 weeks’ pay subject to the limit on a week’s pay)
Living Wage (Living Wage Foundation)*
National Living Wage
Workers aged 21+£10.42 (applied to workers aged 23+ only)£11.44 per hour
National Minimum Wage 
Workers aged 21+£10.18Rate abolished March 2024, National Living Wage applies to all workers aged 21+
Workers aged 18-20£7.49£8.60
Workers aged 16-17£5.28£6.40

*National Living Wage Foundation rates are payable from November each year. Councils who have signed up formally to pay these rates have until May of the following year to implement the new rates.

**This rate is for apprentices under 19 or those in the first year of level 2 or 3 apprenticeships. All other apprentices are entitled to the National Minimum Wage for their age.

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