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Quick reference section

Statutory minimum notice periods:

An employer must give at least:

  One week’s notice to an employee who has been employed for one month or more, but less than two years.

  One week’s notice for each complete year of service for those employed for more than two years.

  Once an employee has more than
12 year’s service, the notice period does not extend beyond 12 weeks.

National Minimum Wage
                                  April 23  April 24

Apprentices            £5.28     £6.40

16-17                       £5.28     £6.40

18-20                       £7.49     £8.60

21-22                       £10.18   £11.44
National living wage             £10.42  £tbc

Statutory Sick Pay

Per week £109.40 (from April 2023)
Per week £116.75 (from April 2024)

Statutory Shared Parental/Maternity/Paternity/Adoption Pay (basic rate)

£172.48 (from April 2023)
£184.03 (from April 2024)

Statutory Holiday

5.6 weeks for a full time employee.

This can include bank and public holidays.

Redundancy Calculation

  0.5 week’s pay for each full year of service when age is less than 22.

  1 week’s pay for each full year of service where age during year is 22 or above, but less than 41.

  1.5 week’s pay for each full year of service where age during year is 41and over.

Calculation is capped at 20 years. Maximum week’s pay is capped under the Statutory Scheme for dismissals after 6th April 2023 at £643.00.  A new figure from April 2024 is still awaited.