National Minimum Wage and National Living Wage Rates 2023-24

April 24th, 2023 | Posted in PAYE, Payroll, Small Business

The National Living Wage is applicable to all employees aged 23 and over.  The rate increased to £10.42 from 1st April 2023.  The National Minimum Wage applies to all other employees under 23.  The table below summarises the National Minimum Wage and Living Wage rates for the year commencing on 1 April 2023 and these are the minimum hourly rates that employees are entitled to by law.  The apprentice rate applies to apprentices under the age of 19, or to those aged 19 and over but in their first year of apprenticeship.

Date Applicable From 23 and over 21 – 22 18 – 20 Under 18 Apprentice
1 April 2023 £10.42 £10.18 £7.49 £5.28 £5.28

Note that the above rates do not apply to the self-employed.

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