National Minimum Wage 2023/24
- Details
The Government has announced that the National Living Wage and the National Minimum Wage (NMW) rates will increase from 1 April 2023. The rates will increase as follows:
|
National Living Wage (per hour) Age 23+ |
Standard adult NMW rate (per hour) Age 21-22 |
Development NMW rate (per hour) Age 18-20 |
Young workers NMW rate (per hour) Age 16-17 |
Apprentice NMW rate (per hour) |
Accommodation offset limit |
|
|
2023/2024 |
£10.42 |
£10.18 |
£7.49 |
£5.28 |
£5.28 |
£9.10 |
|
2022/2023 |
£9.50 |
£9.18 |
£6.83 |
£4.81 |
£4.81 |
£8.70 |
These rates will remain in place for the tax year 2023/24.
