News

Employer or Employed? Five changes to statutory payment rates to know now

Our free factsheet for 26/27 with updated rates from April 2026 is out now.

Close up of hands using a calculator in an office setting signifying statutory payment rates

From the first week of April 2026, employees have been entitled to increased rates on a whole range of entitlements and claims.  A more comprehensive list can be found on our easy reference 2026/2027 factsheet which also details important eligibility changes to some entitlements.

Below is a simplified shortlist of five of the most often used rates that have changed and by how much.

Statutory entitlement Old rate From 1 April 2026
Hourly National Minimum Wage for those aged 18 – 20 £10.00 £10.85
Hourly National Living Wage (Age 21+) £12.21 £12.71
Statutory entitlement Old rate From 6 April 2026
Weekly maternity/adoption pay, paternity pay, shared parental leave pay £187.18 £194.32
Weekly sick pay £119.75 £123.25
A week’s pay for a redundancy pay calculation: up to £719 £751

 

For more information, such as eligibility requirements and the impact of the Employment Rights Act 2025 on some rates, please contact Michael-Jon ­Andrews on 020 8944 5290 / 07841 026 002 or email [email protected].

The factsheet is for guidance only, does not constitute legal advice and figures are subject to change. Legal advice should be sought before reliance on the factsheet for specific circumstances.

This article was written by MJ Andrews

Please note the contents contained in this article are for general guidance only and reflection the position at time of posting. Legal advice should be sought before taking action in relation to specific matters.

More Articles

Competition Time… Feeling Lucky?

Avoid at all costs being a lottery! Lotteries involve the distribution of prizes...

Written by Clare Veal

Choosing the right solicitor for your property transaction

Buying a home is one of the biggest and most important purchases someone...

Written by Ema Bryn Jones

What happens if I’m late for work because of train strikes?

As surely as the clocks go back, leaves on the line, cancelled services...

Written by Daniel Bolster

Find out how we can help you

GET IN TOUCH

© Peacock & Co 2026. All Rights Reserved.

Peacock & Co is authorised and regulated by the Solicitors Regulation Authority.