2024 National Minimum and National Living Wage Rates Announced
Alan Kitto
This evening the Government has published the new National Minimum Wage and National Living Wage Rates which will be effective from the start of April 2024. For the second year running there has been a significant increase, higher than pundits were forecasting.
It’s important to note that the new National Living Wage rate applies to everyone aged 21 and over and not 23 and over as was the case for this year’s increase, this is in line with the Government’s pledge to have the upper band apply to 21 years olds by the end of this parliament.
The new rates are:
For 16 - 17 year olds - £6.40 per hour (up from £5.28)
For 18 - 20 year olds - £8.60 per hour (up from £7.49)
For 21 year olds and above - £11.44 per hour (up from £10.42)
For more information on these changes, please give us a call.