What's Changing?
From 1st April 2024, National Minimum wage will be increased and for the 1st time, the top rate Nation Living Wage will apply to employees aged 21 and over. Previously that rate applied to those aged 23 and over.
The Impact?
These are largest cash increase we have seen to the minimum wage. Of course, this will be welcomed by the lowest paid workers, the increase will also impact businesses at a time when the economy remains uncertain.
What Do You Need to Do?
Ensure you are paying the correct minimum wage. By not doing so, you may risk claims from staff, paying arrears, significant penalties and reputational damage.
How Can We Help?
Our HR consultancy is available for consultations, policy reviews, and support in implementing the necessary changes.
|
Wage band |
Current rate (from 1 April 2023) |
|
Age 23 or over (National Living Wage) |
£10.42 |
|
Age 21 to 22 |
£10.18 |
|
Age 18 to 20 |
£7.49 |
|
Under 18 |
£5.28 |
|
Apprentice |
£5.28 |
|
Wage band |
Rate from 1 April 2024 |
|
Age 21 or over (National Living Wage) |
£11.44 |
|
Age 18 to 20 |
£8.60 |
|
Under 18 |
£6.40 |
|
Apprentice |
£6.40 |
