How will the Autumn Statement 2023 affect pay, pensions and employee benefits?

Autumn StatementAutumn Statement 2023: Chancellor of the Exchequer, Jeremy Hunt, delivered his Autumn Statement speech in the House of Commons on Wednesday 22 November. A number of key announcements were made that will affect paypensions and benefits.

Autumn Statement: Government announces plans to offer pension pot for life

Autumn Statement: State pension to increase by 8.5% from April 2024

Autumn Statement: Government welcomes Value for Money framework update

Autumn Statement: National insurance contribution rate cut to 10%

Autumn Statement: Government to reform work capability assessments

Autumn Statement: Government to meet requests for occupational health guidance

Autumn Statement: Government to reform fit note process

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Autumn Statement: Government to consult on expanding PPF’s role

National living wage to increase from April 2024