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Minimum Wage Increase: What You Need to Know

As the new financial year approaches, important changes are on the horizon for employers and employees alike. One of the most significant adjustments is the increase in the minimum wage, set to take effect on 1 April 2024.

  1. National Living Wage for Over-23s: £11.44 an hour, up from £10.42.

  2. National Living Wage for Those Aged 21-22: £11.44, up from £10.18.

  3. National Minimum Wage for 18 to 20-Year-Olds: £8.60, up from £7.49.

  4. National Minimum Wage for Under-18s: £6.40, up from £5.28.

  5. The Apprentice Rate: £6.40, up from £5.28.



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