You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
Employers should be aware that all minimum wage rates increase on 1 April of each year. This includes all National Minimum Wage rates and the National Living Wage rate.
See the table below that shows the current minimum wage rates and new rates from April 2023:
Current rate (since April 2022)
New rate from April 2023
Increase
National Living Wage (23 years old and over)
£9.50
£10.42
9.7%
National Minimum Wage adult rate (21-22 years old)
£9.18
£10.18
10.9%
National Minimum Wage (18-20 years old)
£6.83
£7.49
National Minimum Wage (16-17 years old)
£4.81
£5.28
9.8%
National Minimum Wage (apprentice rate)
Accommodation Offset
£8.70
£9.10
4.6%
See: National Minimum Wage and National Living Wage rates - GOV.UK (www.gov.uk)
The UK Government has published the proposed statutory rates for maternity pay, paternity pay, shared parental pay, adoption pay, parental bereavement pay, and sick pay from April 2023.
The rates normally increase each April in line with the consumer price index (CPI) and the increase normally occurs on the first Sunday in April, which in 2023 is 2 April.
See: Benefit and pension rates 2023 to 2024 - GOV.UK (www.gov.uk)
08 Jul 2024
The UK's business groups have pledged to work in partnership with the new Labour government to revitalise the nation's economy.
The UK's tax gap estimate rose to a record to £39.8 billion in 2022/23 as small businesses accounted for almost two thirds of unpaid tax, according to HMRC's data.
Would you like to download our mobile app from the App Store?