News article
Minimum Wage Increase April 2024
Matthews Hanton would like to remind employers that the rates of the National Living Wage (NLW) and National Minimum Wage (NMW) are due to increase from 1st April 2024. The new NLW and NMW rates are set out below. The NLW now applies to all workers aged 21 and over.
The following table shows the previous and increased rates:
| Previous rate | Rate from April 2024 | Increase |
National Living Wage | £10.42 | £11.44 | 9.8% |
18-20 Year Old Rate | £7.49 | £8.60 | 14.8% |
16-17 Year Old Rate | £5.28 | £6.40 | 21.2% |
Apprentice Rate | £5.28 | £6.40 | 21.2% |
Accommodation Offset | £9.10 | £9.99 | 9.8% |
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