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National Minimum Wage Autumn Update

  • Written by Katie
  • December 11, 2023
  • Business Advice, Business News

National Minimum Wage Autumn Update

The biggest ever increase to the National Living Wage has been announced, with the government fully accepting the recommendations made by the Low Pay Commission. Eligibility for the National Living Wage will also be extended by reducing the age threshold to 21-year-olds for the first time. It was previously for those aged 23 and over only. From 1 April 2024 the minimum pay rates will be as follows:

NMW rate

£

 Increase

£

 Increase

%
National Living Wage (age 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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