The Government has announced National Minimum Wage rates from 1 April 2024, including the National Living Wage.
The National Living Wage (NLW) will increase by 9.8% for those aged 21 and over from £10.42 to £11.44 per hour, an increase of £1.02. Higher percentage increases apply to those under 21 years of age and apprentices. The projected increase in the NLW will achieve the target first set by the Government in 2019 – with the NLW equal to two-thirds of median hourly pay for those aged 21 and over. In addition, from April 2024 the NLW will be extended to 21 and 22-year-olds for the first time.
Below is a summary of the new rates effective 1 April 2024.
|
|
NMW from 1 April 2024 |
Increase in £ |
% 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% |
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