New Rates of National Minimum Wage

A brief reminder of forthcoming increases to the National Minimum Wage and other employment rates

From 1 April 2024, the National Minimum Wage increases as follows:

Rates	2023	2024
National Living Wage (age 21+)	£10.42	£11.44
Adult rate	£10.18	No longer applicable
Development rate (age 18-20)	£7.49	£8.60
Young workers rate (age 16-17)	£5.28	£6.40
Apprentice rate	£5.28	£6.40

The adult rate previously applied to those aged 21-22. From 1 April 2024 there will no longer be an adult rate and the National Living Wage applies to anyone age 21 and over.

From 7 April 2024, the weekly rate of statutory maternity, paternity and adoption pay will increase to £184.03.

From 6 April 2024, statutory sick pay will increase to £116.75 per week and the cap on one week’s pay for calculating statutory redundancy payments will increase to £700.

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New Rates of National Minimum Wage