National Living Wage increase 2024

In a significant move for workers across the UK, the National Living Wage (NLW) is set to increase from 1^st April 2024.

From this date, the NLW will also be extended to cover individuals aged 21 and over.

The NLW, which currently applies to individuals aged 23 and over, ensures that employees receive a minimum hourly rate that reflects the cost of living. Previously, those aged 21 and 22 were entitled to the National Minimum Wage (NMW), which was slightly lower. However, with the upcoming change, all workers aged 21 and over will receive the NLW, ensuring a more equitable wage structure across age groups.

New Rates

Let’s delve into the specifics of this increase. Starting 1^st April, 2024, the NLW for workers aged 21 and over will be:

21 and over        £11.44

18 to 20                £8.60

Under 18              £6.40

Apprentice         £6.40

The £11.44 NLW rate is up from the previous rate of £10.42. A significant increase which is welcomed by millions of workers UK wide.

It’s crucial for both employers and employees to familiarize themselves with these changes. Employers must ensure compliance with the new wage rates, while employees should verify that they are receiving the correct minimum wage for their age bracket. Acas, the Advisory, Conciliation, and Arbitration Service, is available to provide guidance and support for any issues related to the National Minimum Wage or National Living Wage.

Read the Government guidance here.