National Minimum Wage Rates

National Minimum Wage Rates April 2024

The Government have confirmed that they have accepted the Low Pay Commission’s recommendations on national minimum wage rates to apply from April 2024. This is the largest ever increase to the national minimum wage rates in cash terms. The National Living Wage will apply to all workers aged 21 and over for the first time (previously applying only to those aged 23 and over.

The National Minimum Wage Rates will increase as follows:

Age Range April 2024 Rate April 2023 Rate Rate of Increase
23 and over £11.44 £10.18 £1.02 (9.8%)
21 – 22 £11.44 £10.18 £1.26 (12.4%)
18 – 20 £8.60 £7.49 £1.11 (14.8%)
16 – 17 £6.40 £5.28 £1.12 (21.2%)
Apprentices £6.40 £5.28 £1.12 (21.2%)

The accommodation offset will £9.99 per day (increase of 89p).

The extension of the National Living Wage to 21 and 22 year olds means that the Government has achieved its target of raising the National Living Wage to two-thirds of median earnings by 2024.

The 16 to 17 rate applies to workers who have not reached their 18th birthday but are above compulsory school age and are not apprentices. The apprentice rate applies to apprentices who are under 19 or are over 19 and in the first year of their apprenticeship.

While the increase will be welcome news to employees it is likely to be cause for concern for many employers who are facing soaring costs across the business.

If you are assessing costs and think you might need to make some changes, such as reducing your headcount or reducing the number of hours employees work, before the April increase takes effect, please get in touch now so I can work with you to put a plan in place that you can set in motion in time for staff to leave on or before 31 March 2024.

Employee Handbook Compliance Package

Green Arrow (150 x 120)

Is Your Employee Handbook Compliant?

An hour of my time can save MANY hours of your time!

My HR Compliance Package ensures your essential employment documents accurately remain up-to-date with new employment legislation and changes to existing legislation so you avoid complicated situations developing.

Get the Latest Legislation News and My Top Tips delivered straight to your inbox

Let Me Buy You A Coffee!

If you found this helpful and you would like to learn more about how I work with owners of small business who want to improve their HR management, please go here.

Tap into and share the Kea world!

Don't forget to add Kea to your social networks and when you read an article that you like share it with your network!
National Minimum Wage Rates April 2024

Kathryn

Kathryn is a highly experienced HR Manager with a wealth of skills and knowledge acquired across a variety of industries including manufacturing, health and social care and financial services. She has worked in small localised business and larger multi sited organisations and is comfortable liaising with senior managers and union officials as well as answering queries from team members. Connect with Kathryn on:

Call Us