Minimum wage increase for employees
Following a recent announcement from the Government, the National Living Wage and Minimum Wage are set to increase from April 1st 2024.
How much is the National Minimum Wage increasing to in 2024?
Until now, the National Living Wage was applied to anyone over the age of 23. From April 1st 2024, this will now also apply to anyone over the age of 21 for the first time.
The biggest changes for this year is for those aged 16 – 17 or first year apprentices who will see a 21.2% increase (£1.12 in total).
Below is a table of all of the changes for each age group:
| Age Group | Current National Minimum Wage in 2023 | National Minimum Wage for 2024 |
| The rate for Apprentices* | £5.28 | £6.40 |
| Under 18s | £5.28 | £6.40 |
| 18 – 20 years old | £7.49 | £8.60 |
| 21 – 22 years old | £10.18 | £11.44 |
| Over 23 years old | £10.42 | £11.44 |
* Please note: the National Minimum Wage for Apprentices is only applicable to those in their first year.
When is the National Minimum Wage increasing?
The National Minimum Wage is set to increase in the new financial year of 2024 and all employees will have to be on the new minimum hourly wage of their age range from April 1st 2024.
Our team are working hard to ensure that all of clients affected by this change will be informed prior to April 1st to ensure that all their employees are on National Minimum Wage. If you have any questions about this in the run up to the new financial year, give our Compliance & Temporary Recruitment Manager, Julia, a call on 0115 924 0010.
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