New Minimum Wage Rates from April 2024

The Government has accepted new recommendations to increase the rate of the National Living Wage (NLW) to £11.44 per hour and will reduce the age qualification from 23 to 21. The changes take effect on 1st April 2024 and it will remain unlawful for employers to pay less than the NLW.

Those aged under 21 will continue to benefit from national minimum wage rates as follows:

• Those aged 18-20 must receive pay at the rate of at least £8.60 per hour
• Those aged 16-17 (and apprentices) must receive pay at the rate of at least £6.40 per hour

The size of the increase in the minimum wage, which will be the largest ever increase in cash terms and is driven by the strength of pay growth across the economy, which is forecast to continue into next year.

Press release: https://www.gov.uk/government/news/largest-ever-cash-increase-to-the-minimum-wage

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Authors

Daniel Hobbs

Call 1998

Related areas

Employment

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