On the 1 April each year, the government sets new minimum National Minimum Wage (NMW) rates for all employees. A handy guide to the new NMW rates for 2023/24 is noted below:
| No National Minimum | Those under the age of 16, employed on a part time basis, fall outside the scope of the national minimum wage. |
| Apprenticeship Rate £5.28 per hour | From 1st April 2023, a young person aged 16 or 17 who is employed and registered as an apprentice, or a person who is 18 or over and in the first year of an apprenticeship programme, must be paid a minimum wage of £5.28 per hour (a 47p rise from £4.81). |
| Age 16-17 Rate £5.28 per hour | From 1st April 2023, all those aged 16 and 17 who are not on an apprenticeship programme must be paid a minimum wage of £5.28 per hour (a 47p rise from £4.81). Please note this is the same rate as an apprentice is paid. |
| Age 18-20 Rate £7.49 per hour | From 1st April 2023, those aged 18 to 20 year must be paid a minimum of £7.49 per hour (a 66p rise from £6.83) unless they are on an apprenticeship in which case there is a discretionary twelve-month exemption from the National Minimum Wage from their 18th birthday if they are already employed or, if not yet employed, a discretionary twelve-month exemption from the date they commence their new employment, during which time they must be paid at least the Apprenticeship Rate (see above). |
| Age 21-22 Rate £10.18 per hour | From 1st April 2023, all employees aged 21 and 22 must be paid a minimum of £10.18 per hour (a £1 rise from £9.18) unless they commence an apprenticeship programme, in which case there is a discretionary twelve-month exemption from the National Minimum Wage from the date they commence their new employment, during which time they must be paid at least the Apprenticeship Rate (see above). |
| National Living Wage – aged 23+ £10.42 per hour | From 1st April 2023, employees aged 23 or above must be paid a minimum of £10.42 per hour (a 92p rise from £9.50) unless they commence an apprenticeship, in which case there is a discretionary twelve-month exemption from the National Living Wage from the date they commence their new employment, during which time they must be paid at least the Apprenticeship Rate (see above). |
For questions or concerns about the new NMW rates, please contact william@cheynestraining.com