National Minimum and Living Wage Increases
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On 17 November 2022, in the Autumn statement, it was confirmed that the National Living Wage, paid to those 23 and over, will rise to £10.42 from 1 April 2023, as recommended by the Low Pay Commission. This is an increase of just under 10%, the largest ever increase to the NLW.
Additionally, changes to the National Minimum Wage have also been announced. The increases are set out below.
Rate from April 2023 | Current rate (April 2022 to March 2023) | Increase | |
---|---|---|---|
National Living Wage | £10.42 | £9.50 | 9.7% |
21-22 Year Old Rate | £10.18 | £9.18 | 10.9% |
18-20 Year Old Rate | £7.49 | £6.83 | 9.7% |
16-17 Year Old Rate | £5.28 | £4.81 | 9.7% |
Apprentice Rate | £5.28 | £4.81 | 9.7% |
Accommodation Offset | £9.10 | £8.70 | 4.6% |
24/11/2022