1 April 2023 statutory pay increases – DAS publishes update that employers need to know
Pay increases in 2023
Each year statutory rates of pay such as statutory maternity pay and National Minimum Wage (NMW) is monitored and reviewed, and often increases in line with inflation.
Employers need to ensure they are ready for the increases on 1 April 2023. Below is a helpful table for employers to use to ensure that they are paying their employees and workers the correct wage.
Authored by DAS
About DAS Group
The DAS UK Group comprises an insurance company (DAS Legal Expenses Insurance Company Ltd), a law firm (DAS Law), and an after the event (ATE) legal expenses division.
DAS UK introduced legal expenses insurance (LEI) in 1975, protecting individuals and businesses against the unforeseen costs involved in a legal dispute. In 2018 it wrote more than seven million policies.
The company offers a range of insurance and assistance add-on products suitable for landlords, homeowners, motorists, groups and business owners, while it’s after the event legal expenses insurance division offers civil litigation, clinical negligence and personal injury products. In 2013, DAS also acquired its own law firm – DAS Law – enabling it to leverage the firm’s expertise to provide its customers with access to legal advice and representation.
DAS UK is part of the ERGO Group, one of Europe’s largest insurance groups (the majority shareholder in ERGO is Munich Re, one of the world’s largest reinsurers).