The Government announced yesterday that it has accepted the Low Pay Commission’s recommendations on minimum wage rates to apply from 1 April 2024. This will come as a shock to a large number of employers as this is the largest ever increase to the minimum wage in cash terms.
The National Living Wage applies to all workers aged 21 and over for the first time. Previously, it only applied to those aged 23 and over.
The annual increases to the minimum wage and national living wage with effect from 1 April 2024 are as follows:
The accommodation offset will £9.99 per day – an increase of 89p.
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