Statutory Rates Guide
This guide outlines the key statutory rates and limits in the UK for the tax year 2026/27 which are subject to increases each year.
National minimum wage
National living wage (age 21 and over) - £12.71 per hour
18-20 rate - £10.85 per hour
16-17 and apprentice rate - £8.00 per hour
Sick Pay
Statutory sick pay - £123.25 per week
Family-related leave
Statutory maternity pay (after first six weeks) - £194.32 per week
Statutory adoption pay (after first six weeks) - £194.32 per week
Statutory paternity pay - £194.32 per week
Statutory shared parental pay - £194.32 per week
Statutory parental bereavement pay - £194.32 per week
Termination and compensation payments
A week’s pay - £751 per week
Maximum statutory redundancy payment - £21,570
Maximum basic award for unfair dismissal - £21,570
Maximum compensatory award for unfair dismissal - £123,543 (or 52 weeks’ gross pay if less)
