The government has announced substantial increases to the national living wage (NLW) and national minimum wage (NMW) from 1st April 2024, along with a key change for workers aged 21 and 22.
What are the new rates?
From 1st April 2024:
- The NLW rate will rise by 9.8% from £10.42 to £11.44 per hour – this rate currently applies to workers aged 23 and over but it will be extended to also apply to 21 and 22-year-olds from 1st April 2024.
- The NMW rate for workers aged 18 to 20 will rise by 14.8% from £7.49 to £8.60 per hour.
- The NMW rate for workers aged 16 and 17 will rise by 21.2% from £5.28 to £6.40 per hour.
- The NMW rate for apprentices aged under 19, or those aged 19 and over but in the first year of their apprenticeship, will rise by 21.2% from £5.28 to £6.40 per hour.
- The daily offset for the provision of living accommodation to a worker will rise by 9.8% from £9.10 to £9.99 per day.
