New national minimum wage rates announced
The Government has confirmed the new rates for the National Living Wage (NLW) and the National Minimum Wage, which will come into force from April 2024. In addition, the age threshold for the NLW will be lowered to 21 (currently 23).
From 1 April 2024, the new rates will be:
- NLW £11.44 (up from £10.42)
- Aged 18 to 20 £8.60 (up from £7.49)
- Aged 16 to 16 and apprentices £6.40 (up from £5.28)
If you have any queries about these wage rises, and the impact for your business in respect of other employees, please do get in touch with one of the team.
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