National Minimum Wage Rates from April 2024
- admin104576
- Nov 23, 2023
- 1 min read
The Government has announced the National Minimum Wage rates that will be in effect from April 2024. These rates represent the highest ever increase made to minimum wage rates, so it is important to be aware of them and how they will affect your business.
The new rates are as follows:
The National Living Wage will increase to £11.44 per hour, which is an increase of £1.02. This rate will now apply to any employee aged 21 or over, as opposed to the current National Living Wage which applies to employees aged 23 or over.
The National Minimum Wage for Employees aged 18-20 will increase to £8.60 an hour, which is an increase of £1.11.
The National Minimum Wage for Employees aged 16-17 will increase to £6.40 an hour, which is an increase of £1.12.
The Apprentice Rate will also increase to £6.40 an hour. This rate applies to apprentices that are aged 16-18, or 19 and over but in the first year of their apprenticeship.
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