In April of each year, changes announced by the Government to statutory payments such as the National Minimum Wage, also known as National Living Wage, come into effect.
The UK Government announced that the minimum wage, also known as National Living Wage, will increase to £11.44 per hour for workers over 21 from April 2024.
The minimum wage is currently set at £10.42 per hour for workers over 23, and to £10.18 per hour for workers aged 21-22. When the new rate takes effect in April, this will represent an increase of 9.8% for over 23s, and of 12.4% for over 21s.
This is the biggest ever increase in the National Living Wage. The pay boost, worth £1,800 a year for a full-time worker, will benefit 2.7 million workers, according to an estimate from the Department for Business and Trade (DBT).The rates which will apply from the 1st of April are as follows:
| NMW Rate | Increase in Pence | Percentage Increase | |
| National Living Wage (21 and over) | £11.44 | £1.02 | 9.8% |
| 18-20 Year Old Rate | £8.60 | £1.11 | 14.8% |
| 16-17 Year Old Rate | £6.40 | £1.12 | 21.2% |
| Apprentice Rate | £6.40 | £1.12 | 21.2% |
| Accommodation Offset | £9.99 | £0.89 | 9.8% |
Find out more at: https://www.gov.uk/government/publications/minimum-wage-rates-for-2024
If you need any help or further advice, please contact our Human Resources Team on 01981 590514.
