October 11, 2024

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National Minimum Wage 2024 Uk By Age

National Minimum Wage 2024 Uk By Age. The national living wage (nlw) is currently the statutory minimum wage for workers aged 23 and over, although this will fall to 21 and over from april 2024. This year’s nlw increase is also set to be the third largest (real terms) annual increase in its history.


National Minimum Wage 2024 Uk By Age

A key change is the lowering of the threshold for the nlw to 21 (it is currently only payable from the age of 23). The new hourly rate will be £11.44 (currently those who are 23 and above receive £10.42) workers 18 to 20:

National Minimum Wage 2024 Uk By Age Images References :