New National Minimum Wage Rates Confirmed for April 2024

Employers should prepare early for the changes in the National Minimum Wage and National Living Wage
Mon 4th Dec 2023

Changes to the rates and National Minimum Wage will mean that more employees will be eligible for the National Living Wage. Employers should pay careful attention to which employees will be affected by the increases.

The Government has accepted the Low Pay Commission’s recommendations on the national minimum wage rates, which will apply from 1 April 2024.

It will be the largest ever increase in the minimum wage in cash terms and the first time is has been increased by more than £1. The size of this increase is driven by the strength of pay growth across the economy, which is forecast to continue into the next year.

The changes mean:

  • The National Minimum Wage for 18- to 20-year-olds rises from £7.49 to £8.60 an hour.
  • The National Minimum Wage for under-18s will rise from £5.28 to £6.40 an hour.
  • The apprentice rate goes up from £5.28 to £6.40 an hour, and will apply to people under 19, or people over 19 in their first year of their apprenticeship.
  • The National Living Wage (currently applicable to those over-23) rises from £10.42 an hour to £11.44 an hour.
  • The National Living Wage age threshold will be lowered to 21. Those aged 21 to 22 will be eligible for the National Living Wage from April 2024, so they will receive £11.44 an hour, up from £10.18 an hour.

From 1 April 2024 employers will be required to pay their employees at least the new minimum wage rates according to the employee’s age and employment status.

Employers will need to ensure that they are prepared for the wage increase costs. Check which employees will be affected by the changes so that you can calculate their new wages accurately and begin paying them the new rates at the right time.

For help and advice on this topic or related issues, please contact Chris Cook by calling 01727 798089 or email chris.cook@salaw.com.

Contact Chris Cook

Use this form to contact Chris Cook directly with details of your enquiry. It costs nothing to make an enquiry and it is entirely confidential.

Alternatively, you can email chris.cook@salaw.com or call 01727 798089.

See our privacy notice to find out how we use and protect your data.

Name & Email
Message
Read the latest Employment Views & Insights
They seek to understand their clients and advise accordingly to achieve the outcomes that they require for their business needs.
Chambers and Partners
Stained glass window Employment SA Law
Views & Insights
Responsible Data Sharing and Safeguarding Children

Working with organisations in law enforcement, education and social services , the Information Commissioner’s Office (ICO) ’Think, Check, Share’ campaign…

Read More
SA Law Employment Laptop
Views & Insights
ICO Issues Further Warning on the Use of Website Advertising Cookies

Are you giving website visitors fair personalised advertising choices?

Read More
SA Law Employment Laptop
Views & Insights
Statutory Paternity Leave Changes

Changes which take effect in April 2024 give employees more flexibility

Read More
Corporate Night View of London SA Law
Views & Insights
How do you Dismiss an Underperforming Director?

After the case of Sam Altman experiencing a mishandled director exit at OpenAI, Chris Cook and Vincent Billings discussed the lessons that be learned…

Read More
SA Law Employment Laptop
Views & Insights
The Importance of Employers Responding to Misconduct by Employees Fairly

Emily Morrison and Molly Hart discuss the importance of employers responding to matters of misconduct of employees and the issues that may arise if they…

Read More
As there is so much expertise on offer from SA Law they can provide a legal expert on all areas so that it can be handled under one roof.
Legal 500
Stained glass window Employment SA Law
Views & Insights
What are the Legal Risks for Business Using Employee Monitoring Software?

With remote working now being the norm for most businesses since the pandemic, the use of employee monitoring software has increased. However, with concerns…

Read More
Stained glass window Employment SA Law
Views & Insights
Probation Periods and How to Use Them Effectively

Integrate new employees quickly and support your decision making processes by following our helpful guide to making the most of probation periods

Read More
SA Law Employment Laptop
Views & Insights
New Holiday Pay Regulations Labelled as ‘Incoherent’

From 1st January 2024, the draft Employment Rights Regulations 2023 will take effect, however they appear to be “incoherent and complicated”. In a recent…

Read More
SA Law Employment Laptop
Views & Insights
UK Visa Eligibility Criteria Changes – Implications for Businesses

With changes expected to be implemented in Spring 2024, what can you do to prepare?

Read More
They are knowledgeable, with a commercial mindset, but also down to earth and friendly so it is easy to be very honest with them.
Chambers and Partners

© SA LAW 2024

Every care is taken in the preparation of our articles. However, no responsibility can be accepted to any person who acts on the basis of information contained in them alone. You are recommended to obtain specific advice in respect of individual cases.