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Minimum wage

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National Minimum Wage rates apply to employees up to the age of 20 (22 before 1 April 2024).

National Living Wage (NLW) rates apply to employees 21 and over (23 and over before 1 April 2024).

The Apprentice rate applies to apprentices under 19, or 19 and over in the first year of apprenticeship.

Penalties apply to employers who fail to pay minimum wages.

Age NLW 21-22 18-20 16-17 Apprentice
From 1 April 2024 £11.44 n/a £8.60 £6.40 £6.40
From 1 April 2023 £10.42 £10.18 £7.49 £5.28 £5.28

The latest news

16 Apr 2024

Small firms 'treading water' on investment, BCC warns

The British Chambers of Commerce (BCC) has warned that UK small firms are 'treading water' on investment.

15 Apr 2024

Government must 'ensure growth among small firms is nurtured', says FSB

The Federation of Small Businesses (FSB) has urged the government to ensure that small business growth is 'nurtured rather than left to wither'.

12 Apr 2024

Only five MTD for ITSA software products ready for testing

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned that just five Making Tax Digital for income tax self assessment (MTD for ITSA) software products are ready for beta testing on 22 April.

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James, Holyoak and Parker, 1 Knights Court, Archers Way, Battlefield Enterprise Park, Shrewsbury, Shropshire SY1 3GA

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James, Holyoak and Parker are Accountants in Shrewsbury