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National Living Wage

Following recommendations made by the Low Pay Commission, the Chancellor has promised to increase the National Living Wage. The National Living Wage is due to increase to £11.44 per hour from April 2024. The age threshold is set to be lowered from 23 to 21 in April 2024.

The National Minimum Wage rates for younger workers will also increase. These are as follows:-

•             18-20 year old rate: £8.60 (14.8% increase).

•             Apprentices and those agreed 16-17 year old rate: £6.40 (21.2% increase).

•             Apprentice rate: £6.40 (21.2% increase).

•             Accommodation offset: £9.99 (9.8% increase).