New National Minimum Wage 

-> Start from 1 April, 2024 <-

• The National Minimum Wage (NMW) is the minimum hourly rate that workers of different ages and apprentices are entitled to.
• The National Living Wage (NLW) is the highest rate of the NMW, which applies to workers aged 23 and over.
• From 1 April 2024, the NLW will also apply to workers aged 21 and over, benefiting about 2 million low-wage workers across the nation.
• The NLW will increase by almost 10% to £11.44 per hour from the current rate of £10.42.
• The other rates of the NMW will also increase significantly.
• New National Minimum Wage will be effective on 1 April 2024, as follows:

Age group . . New Min Wage Rate . . Increase 

21 and over . . £11.44 . . . +9.8%

18 to 20 . . . . . £8.60 . . . . +14.8%

Under 18 . . . . £6.40 . . . . +21.2%

Apprentice . . . £6.40 . . . .+21.2%

(*above table is structured for your easy understanding, 2024 rates shrinked age group 21, 23 into "21 and above".)

Pay attention to Age group 21 that they will enjoy the national minimum wage.

Stay informed about the new National Minimum Wage and Living Wage rates effective from 1 April 2024. Learn how the updated rates impact workers aged 21 and over, under 18s, and apprentices.

Seek Professional Help

Need help updating payroll or understanding how the new National Minimum Wage affects your business? Contact Elaga Accountancy — we can guide you through compliance, payroll adjustments, and employee payments with ease.

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