New rates for National Living Wage and National Minimum Wage
New rates of the National Living Wage (NLW) and National Minimum Wage (NMW) will come into force on 1 April 2024 as follows:
- NLW (21 years and over): £11.44 per hour
- NMW (18-20 years): £8.60 per hour
- NMW (16-17 years): £6.40 per hour
- Apprentice rate: £6.40 per hour
- Accommodation offset: £9.99 per day
As an employer or employee, it is important to understand how the changes may affect you, respectively. Therefore, you may wish to consider reviewing your existing contracts and/or policies to ensure compliance with the increases.
If you have any questions regarding the NLW, NMW, or existing contracts, please do not hesitate to contact our employment team on 01494 773377 or hello@lennonssolicitors.co.uk