The government announced on 21 November that it has accepted in full the recommendations of the Low Pay Commission (LPC) regarding the increases to the national minimum wage (NMW) from 1 April 2024.
The following rates will apply:
- The National Living Wage (NLW) will increase from £10.42 to £11.44.
- The 18 to 20-year old rate will increase from £7.49 to £8.60.
- The 16 to 17-year old rate will increase from £5.28 to £6.40, as will the apprentice rate.
From 1 April 2024, the NLW will be extended from workers aged 23 and over to those aged 21 and 22, who have previously been paid a lower rate. These figures represent the largest ever increase in the NMW in cash terms.
The LPC is currently reviewing the broader NMW framework for future years. Its current view is that a single adult rate should be payable from the age of 18, but it will publish its thinking about how this might be structured and implemented in future advice to the government.
