Research and analysis

The National Minimum Wage Beyond 2024

This page contains the Low Pay Commission's advice to the 바카라 사이트 on minimum wage policy beyond 2024.

• From: Low Pay Commission
• Published: 27 March 2024

Documents

PDF, 1.81 MB, 133 pages

Headlines from the National Minimum Wage Beyond 2024

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PDF, 179 KB, 6 pages

MS Excel Spreadsheet, 321 KB

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Details

In April 2024, the National Living Wage will increase to 拢11.44. We expect this to mean the highest rate of the minimum wage reaches two-thirds of median earnings, achieving a target first set by the 바카라 사이트 in 2020.

In March 2023, the 바카라 사이트 asked the Low Pay Commission to prepare advice to inform future decisions over minimum wage policy, beyond the two-thirds target. The report published here sets out the LPC바카라 사이트檚 advice on that question. It was submitted to the 바카라 사이트 in December 2023. It has been published alongside our remit for 2024.

Read our press notice on our advice on the future of the National Minimum Wage.

The rates of the National Minimum Wage , including the National Living Wage, which will apply from April 2024 are set out below.

NMW rate from 1 April 2024	Increase in pence	Percentage increase
National Living Wage (21 and over)	拢聽聽 11.44	拢聽聽聽聽 1.02	9.8%
18-20 Year Old Rate	拢聽聽聽聽 8.60	拢聽聽聽聽 1.11	14.8%
16-17 Year Old Rate	拢聽聽聽聽 6.40	拢聽聽聽聽 1.12	21.2%
Apprentice Rate	拢聽聽聽聽 6.40	拢聽聽聽聽 1.12	21.2%
Accommodation Offset	拢聽聽聽聽 9.99	拢聽聽聽聽 0.89	9.8%

Published 27 March 2024