National Minimum Wage Increase

National Minimum Wage Increase

National Minimum Wage Payments 2023-24

National Living Wage £10.42
21-22 Year Old Rate £10.18
18-20 Year Old Rate £7.49
16-17 Year Old Rate £5.28
Apprentice Rate £5.28*

*Apprentice rate applies to those 16-18 and those aged 19 or over who are in their first year

New rates come in April 2023. Always advise people to check their hourly rates to ensure that they are meeting the legislation.

If you wish to discuss any of the above matters then please call Lynne Auton of Stipendia Payroll Solutions and parent company Finnies Accountants on 01482 861919.