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It is important to remember that the minimum wage pay rates increased from 1 April 2024. Failing to increase to the new rates can result in penalties being charged.
The new minimum wage payment rates are set out below:
2023/24 rate
2024/25 rate
21 and over (previously 23 and over)
£10.42
£11.44
18 to 20
£7.49
£8.60
Under 18
£5.28
£6.40
Apprentice
Accommodation Offset
£9.10
£9.99
If you need help with any aspect of your payroll, please do not hesitate to call us. We will be happy to help!
See: https://www.gov.uk/national-minimum-wage-rates
10 Sep 2024
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