National Living Wage & National Minimum Wage increases from April 2024
The government have confirmed the increases to the national minimum wage and national living wage that will come into effect from 1 April 2024, the increases were as follows:
| Category | Current rate (2023/2024 tax year) | New rate for 1 April 2024 (2024/2025 tax year) | Percentage increase to minimum wage |
| National Living wage (21+) | £10.42 | £11.44 | 9.8% |
| Age 18-20 | £7.49 | £8.60 | 14.8% |
| Under 18 | £5.28 | £6.40 | 21.2% |
| Apprentice rate | £5.28 | £6.40 | 21.2% |
This will mean that an employee who is 21 or older who is working 37.5 hours a week will earn £22,308 a year from 1 April 2024, an increase of £1,989 a year compared to the current rate.
Please do not hesitate to contact us at Gareth Hughes & Co on 01492 593345 if you have queries with regards to this or any other payroll matter.
