Minimum wage

Statutory minimum wage levels.

National Minimum Wage rates apply to employees up to the age of 22.

National Living Wage (NLW) rates apply to employees 23 and over.

The Apprentice rate applies to apprentices under 19, or 19 and over in the first year of apprenticeship.

Penalties apply to employers who fail to pay minimum wages.

Age NLW 21-22 18-20 16-17 Apprentice
From 1 April 2023 £10.42 £10.18 £7.49 £5.28 £5.28
From 1 April 2022 £9.50 £9.18 £6.83 £4.81 £4.81

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© 2024 Millet Accountants Ltd. All rights reserved.

Millet Accountants Ltd, Beyond Aldgate Tower, 2 Leman Street, London, E1 8FA

Millet is the trading name for Millet Accountants Ltd.
Registered office: Beyond Aldgate Tower, 2 Leman Street, London E1 8FA
Registered in England and Wales, Company number 07950802
A firm of Chartered Accountants registered to carry on audit in the UK by the Institute of Chartered Accountants in England and Wales.
Director: Andrew Millet BA MBA FCA

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