The National Living Wage and National Minimum Wage rates are increasing

Industry News - 20th March 2024

The Government has announced that the National Living Wage (NLW) and the National Minimum Wage (NMW) rates will increase from 1 April 2024.

This change will see the NLW rate rise to £11.44 per hour, an increase of over £1 over the current rate of £10.42. This means the annual earnings of a full-time worker on the NLW will see an increase of up to £1,800 next year. 

It was also confirmed, as part of the Autumn Statement announcements, that for the first time, eligibility for the NLW will be extended to 21 and 22 year olds. Currently, the NLW is only available to those aged 23 and over.

In summary, the following changes in pay rates will apply from 1 April 2024:

National Living Wage (NLW)

  • Employees aged 21 & over                                        £11.44 per hour   

National Minimum Wage (NMW)

•  Employees aged 18 to 20                                           £8.60 per hour
•  Employees under 18                                                   £6.40 per hour
•  Apprentices under 19 or 19 or over 
   and in the first year of the apprenticeship                £6.40 per hour  

Please ensure that you operate the new rates from 1 April 2024. 

We can help with all of your payroll needs, please get in touch to find out more.

Internet link: GOV.UK

Our Blog

Recent news about us and our industry.

Google Rating
Based on 39 reviews