National Minimum Wage and National Living Wage rates increase from 01/04/2024

From 1 April 2024, workers aged 21 and over will be entitled to the National Living Wage, new rates are as under:

Current rates (from 01/04/2023 to 31/03/2024)

These rates are for the National Living Wage (for those aged 23 and over) and the National Minimum Wage (for those of at least school leaving age). The rates change on 1 April every year.

	23 and over	21 to 22	18 to 20	Under 18	Apprentice
April 2023 (current rate)	£10.42	£10.18	£7.49	£5.28	£5.28

New rates from 01/04/2024 onward.

From 1 April 2024, workers aged 21 and over will be entitled to the National Living Wage.

	21 and over	18 to 20	Under 18	Apprentice
April 2024	£11.44	£8.60	£6.40	£6.40

Apprentices

Apprentices are entitled to the apprentice rate if they’re either:

• aged under 19

• aged 19 or over and in the first year of their apprenticeship

Example

An apprentice aged 21 in the first year of their apprenticeship is entitled to a minimum hourly rate of £5.28.

Apprentices are entitled to the minimum wage for their age if they both:

• are aged 19 or over

• have completed the first year of their apprenticeship

Example

An apprentice aged 21 who has completed the first year of their apprenticeship is entitled to a minimum hourly rate of £10.18.

For further details contact Amin & Co Accountants