The new national living wage and national minimum wage take effect from April 2024, so if you haven’t done so already, now’s the time to take notice.
Here’s our quick summary:
From 1 April 2024 there will be:
- A £1.02 (or 9.8%) increase to the National Living Wage for those aged 21 and over – from £10.42 to £11.44 per hour.
- A £1.11 (or 14.8%) increase to the National Minimum Wage for those aged 18-20 – from £7.49 to £8.60 per hour.
- A £1.12 (or 21.2%), increase to the National Minimum Wage for those aged 16-17 and apprentices – from £5.28 to £6.40 per hour.
Don’t forget, we can help with all of your bookkeeping needs, offering a professional and friendly service. Get in touch today.